East Tennessee Veterans Memorial Association

Analysis

East Tennessee Veterans Memorial Association is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2022, East Tennessee Veterans Memorial Association reported income of $66k and spending of $75k, spending 114% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income grew from $43k to $66k (+52%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 24%. Over the whole period it spent 139% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, East Tennessee Veterans Memorial Association sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within TN. Charities of a similar size with the same main cause include India Religious and Cultural Center Inc ($66k), Bach Collegium-Fort Wayne Inc ($66k) and Cazarts Inc ($66k).

At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.