Knoxville Football Club

Analysis

Knoxville Football Club is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Knoxville Football Club reported income of $144k and spending of $391k, spending 272% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $576k to $144k (-75%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 77%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Knoxville Football Club sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within TN. Charities of a similar size with the same main cause include Silicon Valley Basketball Club SVBC ($144k), Field Fund Inc ($144k) and Granite Backcountry Alliance ($144k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Other salaries and wages came to $176k. At year end it held assets of $192k against liabilities of $368, net assets of $192k. It reported 40 employees.