Locate Arts TN

Analysis

Locate Arts TN is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in February 2000, 26 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, Locate Arts TN reported income of $439k and spending of $365k, spending 83% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $171k to $439k (+158%), an average of +37% a year. The sharpest change came in the year to June 2021, when income rose by 53%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Locate Arts TN sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within TN. Charities of a similar size with the same main cause include Our Health Inc ($439k), Yamhill Enrichment Society ($439k) and Nahant Preservation Trust Inc ($439k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $96k (26% of expenses). At year end it held assets of $118k against liabilities of $9,758, net assets of $108k.