Klondike Smokey City Community Development Corporation Inc

Analysis

Klondike Smokey City Community Development Corporation Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Klondike Smokey City Community Development Corporation Inc reported income of $546k and spending of $619k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $202k to $546k (+171%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 197%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Klondike Smokey City Community Development Corporation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within TN. Charities of a similar size with the same main cause include Hingham Community Access and Media Corporation ($546k), North Attleboro Communitytelevision Inc ($546k) and Frisco Association for the Arts ($546k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $75k (12% of expenses). Other salaries and wages came to $228k. At year end it held assets of $158k against liabilities of $5,510, net assets of $152k. It reported 8 employees.