South Pittsburg Area Revitalization Quest

Analysis

South Pittsburg Area Revitalization Quest is a registered charity in United States, based in South Pittsburg, TN. It received its IRS tax-exemption ruling in February 2020, 6 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, South Pittsburg Area Revitalization Quest reported income of $112k and spending of $81k, leaving 27% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $149k to $112k (-25%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 20%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, South Pittsburg Area Revitalization Quest sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within TN. Charities of a similar size with the same main cause include Sandplay Therapists of America Inc ($112k), Davis Center Community Foundation ($112k) and Saveunited Org ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. At year end it held assets of $81k against liabilities of $2,815, net assets of $79k.