Core Services of Northeast Tennessee

Analysis

Core Services of Northeast Tennessee is a registered charity in United States, based in Johnson City, TN. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Core Services of Northeast Tennessee reported income of $6.4m and spending of $6.2m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.9m to $6.4m (+31%), an average of +6.9% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Core Services of Northeast Tennessee sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within TN. Charities of a similar size with the same main cause include A Bridge to Independence ($6.4m), Facing Forward to End Homelessness ($6.4m) and Ser Familia Inc ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $4.7m. At year end it held assets of $3.7m against liabilities of $165k, net assets of $3.6m. It reported 144 employees.