Community Chest of Knox County Inc

Analysis

Community Chest of Knox County Inc is a registered charity in United States, based in Powell, TN. It received its IRS tax-exemption ruling in August 2003, 23 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 December 2023, Community Chest of Knox County Inc reported income of $448k and spending of $516k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $314k to $448k (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Chest of Knox County Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within TN. Charities of a similar size with the same main cause include Mosaic Unlimited Inc ($448k), Mercer County Better Together ($448k) and Downtown Fond du Lac Partnership Inc ($448k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $11k (2.1% of expenses). Other salaries and wages came to $271k. At year end it held assets of $684k against liabilities of $769, net assets of $683k. It reported 8 employees.