Compassion Closet Of East Tennessee
EIN: 833597804 · Knoxville, TN · NTEE: P32
| Metric | Value |
|---|---|
| Total Revenue | $117K |
| Total Expenses | $106K |
| Net Assets | $64K |
Is Compassion Closet Of East Tennessee Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Compassion Closet Of East Tennessee
Compassion Closet Of East Tennessee (EIN: 833597804) is a nonprofit organization based in Knoxville, TN, classified under NTEE code P32. The organization reported total revenue of $117K and total assets of $63K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Compassion Closet Of East Tennessee's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Compassion Closet Of East Tennessee is a small nonprofit that has been operating for 7 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 9.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $117K |
| Total Expenses | $106K |
| Surplus / Deficit | +$11K |
| Total Assets | $64K |
| Net Assets | $64K |
| Operating Margin | 9.4% |
| Months of Reserves | 7.2 months |
Financial Health Grade: A
In 2023, Compassion Closet Of East Tennessee reported a surplus of $11K with revenue exceeding expenses, holds 7.2 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2021–2023), Compassion Closet Of East Tennessee's revenue has grown at a compound annual growth rate (CAGR) of 9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.6% | -8.2% | +21.2% |
| 2022 | +19.8% | +54.9% | +2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Compassion Closet Of East Tennessee has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Compassion Closet Of East Tennessee with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $11K, with revenue exceeding expenses.
Frequently Asked Questions about Compassion Closet Of East Tennessee
Is Compassion Closet Of East Tennessee a legitimate charity?
Compassion Closet Of East Tennessee (EIN: 833597804) is a registered tax-exempt nonprofit based in Tennessee. It has 3 years of IRS 990 filings on record. Total revenue: $117K. No red flags identified. Financial health grade: A.
How does Compassion Closet Of East Tennessee spend its money?
Compassion Closet Of East Tennessee reported $117K in total revenue in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Compassion Closet Of East Tennessee tax-deductible?
Compassion Closet Of East Tennessee is registered as a tax-exempt nonprofit (EIN: 833597804). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Compassion Closet Of East Tennessee located?
Compassion Closet Of East Tennessee is headquartered in Knoxville, Tennessee and files with the IRS under EIN 833597804. It is classified under NTEE code P32.
How many years of IRS 990 filings does Compassion Closet Of East Tennessee have?
Compassion Closet Of East Tennessee has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $117K in total revenue.
Filing History
IRS 990 filing history for Compassion Closet Of East Tennessee showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Compassion Closet Of East Tennessee's revenue has grown by 20.6%, moving from $97K to $117K. Total assets increased by 23.7% over the same period, from $51K to $64K. Total functional expenses rose by 42.2%, from $74K to $106K. In its most recent filing year (2023), Compassion Closet Of East Tennessee reported a surplus of $11K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $117K | $106K | $64K | $0 | — | View 990 |
| 2022 | $116K | $115K | $53K | $0 | — | View 990 |
| 2021 | $97K | $74K | $51K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $117K, expenses of $106K, and assets of $64K (revenue +0.6% year-over-year).
- 2022: Revenue of $116K, expenses of $115K, and assets of $53K (revenue +19.8% year-over-year).
- 2021: Revenue of $97K, expenses of $74K, and assets of $51K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Compassion Closet Of East Tennessee:
Data Sources and Methodology
This transparency report for Compassion Closet Of East Tennessee is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.