The Junior League of Knoxville Inc

Analysis

The Junior League of Knoxville Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in November 1942, 84 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, The Junior League of Knoxville Inc reported income of $67k and spending of $109k, spending 162% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $162k to $67k (-59%), an average of -20% a year. The sharpest change came in the year to May 2023, when income dropped by 52%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Junior League of Knoxville Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within TN. Charities of a similar size with the same main cause include Ventura County Family to Family ($67k), Downtown Taos ($67k) and Boughton Park Inc ($67k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 121% of the total. At year end it held assets of $585k against liabilities of $23k, net assets of $562k.