Community Reuse Organization of East Tennessee

Analysis

Community Reuse Organization of East Tennessee is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in March 1997, 29 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 September 2023, Community Reuse Organization of East Tennessee reported income of $519k and spending of $611k, spending 118% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $448k to $519k (+16%), an average of +3.7% a year. The sharpest change came in the year to September 2023, when income rose by 1433%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Reuse Organization of East Tennessee sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within TN. Charities of a similar size with the same main cause include Chatham County Economic Development Corporation ($519k), Rotary Zone 25-26 Foundation ($520k) and Whiting-Robertsdale Community Improvement Corporation ($519k).

Compensation of current officers, directors and key employees was $127k (21% of expenses). Other salaries and wages came to $80k. At year end it held assets of $7.9m against liabilities of $108k, net assets of $7.8m. It reported 3 employees.