Downtown Kingsport Association Inc

Analysis

Downtown Kingsport Association Inc is a registered charity in United States, based in Kingsport, TN. It received its IRS tax-exemption ruling in April 2016, 10 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Downtown Kingsport Association Inc reported income of $186k and spending of $190k, spending 102% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $182k to $186k (+2.3%), an average of +0.8% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 116% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Kingsport Association 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 52nd percentile, and in the 53rd percentile within TN. Charities of a similar size with the same main cause include Maef Real Estate Holdings Inc ($186k), Black Excellence ($186k) and Better Business Bureau Foundation ($186k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. At year end it held assets of $127k against liabilities of $20k, net assets of $107k.

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.