Knoxville Rotary Club Student Loan Fund Inc

Analysis

Knoxville Rotary Club Student Loan Fund Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in May 1942, 84 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Knoxville Rotary Club Student Loan Fund Inc reported income of $154k and spending of $171k, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $161k to $154k (-4.1%), an average of -1.0% a year. The sharpest change came in the year to June 2020, when income dropped by 21%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Knoxville Rotary Club Student Loan Fund Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within TN. Charities of a similar size with the same main cause include Historic Marbold Farmstead Association ($154k), Amen Ministries Inc ($154k) and Conrad Weiser Athletic Boosters Inc ($154k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $1.7m against liabilities of $166k, net assets of $1.5m.