Stadium Corporation

Analysis

Stadium Corporation is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in June 1996, 30 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, Stadium Corporation reported income of $3.6m and spending of $3.6m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.6m to $3.6m (+129%), an average of +23% a year. The sharpest change came in the year to June 2022, when income rose by 92%. Over the whole period it spent 121% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Stadium Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within TN. Charities of a similar size with the same main cause include Newmarket Business Improvement District ($3.6m), City Heights Community Development Corporation ($3.6m) and Upper Cumberland Local Workforce Development Board Inc ($3.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 32% and program service revenue 67% of the total. Other salaries and wages came to $792k. At year end it held assets of $14.1m against liabilities of $590k, net assets of $13.5m. It reported 119 employees.