Smoky Mountain Quilters of Tennessee Inc

Analysis

Smoky Mountain Quilters of Tennessee Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Smoky Mountain Quilters of Tennessee Inc reported income of $54k and spending of $42k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $51k to $54k (+6.4%), an average of +6.4% a year. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Smoky Mountain Quilters of Tennessee Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within TN. Charities of a similar size with the same main cause include Sounds of the Southwest Singers ($54k), Central Indiana Track Show Association Inc ($54k) and Society of Unique Artists Inc ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 69% of the total. At year end it held assets of $66k against liabilities of $2,372, net assets of $64k.