Knoxville Cbid Management Corporation

Analysis

Knoxville Cbid Management Corporation is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Knoxville Cbid Management Corporation reported income of $1.2m and spending of $1.5m, spending 129% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $813k to $1.2m (+47%), an average of +8.0% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Knoxville Cbid Management Corporation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within TN. Charities of a similar size with the same main cause include Sent Inc ($1.2m), Center for Nonprofit Management Inc ($1.2m) and Western Connecticut Coalition Inc ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.7m against liabilities of $1.0m, net assets of $635k.