Compassion Closet of East Tennessee

Analysis

Compassion Closet of East Tennessee is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Compassion Closet of East Tennessee reported income of $117k and spending of $106k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $116k to $117k (+0.6%), an average of +0.6% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Compassion Closet of East Tennessee sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within TN. Charities of a similar size with the same main cause include Kassunga Mission Initiative ($117k), St Teresa of Avila Conference of St Vincent de Paul Society ($117k) and Missouri P E O Outreach Fund ($117k).

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 $64k against liabilities of $0, net assets of $64k.