Rhea Economic and Tourism Council Inc

Analysis

Rhea Economic and Tourism Council Inc is a registered charity in United States, based in Dayton, TN. It received its IRS tax-exemption ruling in September 1998, 28 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 2023, Rhea Economic and Tourism Council Inc reported income of $600k and spending of $612k, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $525k to $600k (+14%), an average of +4.5% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rhea Economic and Tourism Council Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within TN. Charities of a similar size with the same main cause include Georgia Building Trades Academy Inc ($599k), Engage Cleveland Inc ($600k) and Jackson County Industrial Development Corporation ($599k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $81k (13% of expenses). Other salaries and wages came to $37k. At year end it held assets of $547k against liabilities of $149k, net assets of $398k. It reported 2 employees.