The First Tee of Greater Knoxville

Analysis

The First Tee of Greater Knoxville is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in June 2001, 25 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 (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, The First Tee of Greater Knoxville reported income of $1.3m and spending of $1.0m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $833k to $1.3m (+54%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The First Tee of Greater Knoxville sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within TN. Charities of a similar size with the same main cause include Shining Stars Foundation ($1.3m), Southern Soccer Coalition Inc ($1.3m) and Kenbrook Bible Camp Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 50% of the total. Other salaries and wages came to $350k. At year end it held assets of $3.9m against liabilities of $232k, net assets of $3.7m. It reported 38 employees.