Is Knoxville Convention & Visitors Bureau…

Quick charity verification for Knoxville Convention & Visitors Bureau Inc (EIN: 201710722)

Strengths

Strong and consistent revenue growth, nearly doubling from 2021 to 2023.
Significant asset accumulation, indicating robust financial health and sustainability.
Consistent reporting of 0% officer compensation across all filings, suggesting high transparency in this area.
Expenses consistently below revenue, leading to healthy surpluses and asset growth.
Low liabilities relative to assets, indicating a strong balance sheet.

Spending Breakdown

How Knoxville Convention & Visitors Bureau Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Knoxville Convention & Visitors Bureau Inc

Is Knoxville Convention & Visitors Bureau Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Knoxville Convention & Visitors Bureau Inc (EIN: 201710722) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.

Is Knoxville Convention & Visitors Bureau Inc a good charity to donate to?

Knoxville Convention & Visitors Bureau Inc has a Mission Score of 95/100. Revenue: $11.9M. Assets: $13.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Knoxville Convention & Visitors Bureau Inc?

The Employer Identification Number (EIN) for Knoxville Convention & Visitors Bureau Inc is 201710722. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Knoxville Convention & Visitors Bureau Inc spend its money?

Knoxville Convention & Visitors Bureau Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Knoxville Convention & Visitors Bureau Inc's tax-exempt status?

You can verify Knoxville Convention & Visitors Bureau Inc's tax-exempt status using EIN 201710722 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Knoxville Convention & Visitors Bureau Inc demonstrates strong financial health and growth, with its latest reported revenue at $11,919,268 and assets at $13,597,737. The organization has shown consistent revenue growth over the past several years, nearly doubling its revenue from $5,619,069 in 2021 to $11,091,728 in 2023. This growth is accompanied by a healthy accumulation of assets, indicating effective financial management and capacity building. The organization consistently reports 0% officer compensation, which is a significant indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries.

Spending efficiency appears robust, with expenses generally well below revenue, allowing for asset growth. For example, in 2023, expenses were $8,926,532 against $11,091,728 in revenue, resulting in a surplus. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive remuneration, or that executive compensation is structured in a way that it is not reported under 'officer compensation' on the 990, which would warrant further investigation. However, based on the provided data, it indicates a strong commitment to minimizing administrative overhead in this specific area.

The organization's NTEE code S30 (Tourism, Convention & Visitors Bureaus) aligns with its name and likely mission. The consistent financial surpluses and asset growth suggest a sustainable operational model. The absence of reported officer compensation is a notable positive for transparency, assuming all relevant compensation is captured in this metric. Overall, the financial data points to a well-managed and financially stable organization.

Is Knoxville Convention & Visitors Bureau Inc Legit?

Verdict: Knoxville Convention & Visitors Bureau Inc appears trustworthy