East Tennessee Housing Development Corporation

Analysis

East Tennessee Housing Development Corporation is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, East Tennessee Housing Development Corporation reported income of $1.7m and spending of $1.7m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.6m to $1.7m (+8.9%), an average of +2.1% a year. The sharpest change came in the year to June 2024, when income rose by 74%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, East Tennessee Housing Development Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within TN. Charities of a similar size with the same main cause include Gleh Los Angeles Corporation ($1.7m), Martin Luther Tower Inc ($1.7m) and Serenity Seniors Home Inc ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 31% and program service revenue 68% of the total. Other salaries and wages came to $233k. At year end it held assets of $1.1m against liabilities of $405k, net assets of $676k. It reported 3 employees.