The United Veterans Council of East Tennessee Inc

Analysis

The United Veterans Council of East Tennessee Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The United Veterans Council of East Tennessee Inc reported income of $94k and spending of $71k, leaving 25% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $14k to $94k (+576%), an average of +89% a year. The sharpest change came in the year to December 2021, when income rose by 250%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The United Veterans Council of East Tennessee Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within TN. Charities of a similar size with the same main cause include McLean County Extension Service Foundation ($94k), Lagoshen Family Life Skills & Enrichment Center ($94k) and DS Support Inc ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.