Knoxville Convention & Visitors Bureau Inc
Knoxville Convention & Visitors Bureau Inc shows strong revenue growth and asset accumulation with no reported officer compensation.
EIN: 201710722 · Knoxville, TN · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.9M |
| Total Expenses | $8.9M |
| Program Spending | 90% |
| Net Assets | $9.7M |
| Transparency Score | 95/100 |
Is Knoxville Convention & Visitors Bureau Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Knoxville Convention & Visitors Bureau Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Knoxville Convention & Visitors Bureau Inc
Knoxville Convention & Visitors Bureau Inc (EIN: 201710722) is a nonprofit organization based in Knoxville, TN, classified under NTEE code S30. The organization reported total revenue of $11.9M and total assets of $13.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Knoxville Convention & Visitors Bureau Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Knoxville Convention & Visitors Bureau Inc is a large nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 9.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.1M |
| Total Expenses | $8.9M |
| Surplus / Deficit | +$2.2M |
| Total Assets | $10.7M |
| Total Liabilities | $1.0M |
| Net Assets | $9.7M |
| Operating Margin | 19.5% |
| Debt-to-Asset Ratio | 9.7% |
| Months of Reserves | 14.4 months |
Financial Health Grade: A
In 2023, Knoxville Convention & Visitors Bureau Inc reported a surplus of $2.2M with revenue exceeding expenses, holds 14.4 months of operating reserves (strong position), has a debt-to-asset ratio of 9.7% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Knoxville Convention & Visitors Bureau Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.9% | +28.2% | +31.5% |
| 2022 | +79.7% | +24.4% | +41.2% |
| 2021 | -0.3% | +3.2% | +14.0% |
| 2020 | -10.0% | -14.5% | +3.8% |
| 2019 | +7.6% | +8.9% | -2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Knoxville Convention & Visitors Bureau Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Knoxville Convention & Visitors Bureau Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers or that it is structured in a way not captured by this specific line item on the 990.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Knoxville Convention & Visitors Bureau Inc:
- 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.
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 legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Knoxville Convention & Visitors Bureau Inc spend its money?
Knoxville Convention & Visitors Bureau Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Knoxville Convention & Visitors Bureau Inc tax-deductible?
Knoxville Convention & Visitors Bureau Inc is registered as a tax-exempt nonprofit (EIN: 201710722). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Knoxville Convention & Visitors Bureau Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Knoxville Convention & Visitors Bureau Inc is above average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Knoxville Convention & Visitors Bureau Inc located?
Knoxville Convention & Visitors Bureau Inc is headquartered in Knoxville, Tennessee and files with the IRS under EIN 201710722. It is classified under NTEE code S30.
How many years of IRS 990 filings does Knoxville Convention & Visitors Bureau Inc have?
Knoxville Convention & Visitors Bureau Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $11.9M in total revenue.
Is Knoxville Convention & Visitors Bureau Inc a good charity?
Based on the provided financial data, the organization demonstrates strong financial health, consistent revenue growth, and a notable commitment to transparency by reporting 0% officer compensation. These factors suggest it is a well-managed entity effectively pursuing its mission.
How has the organization's revenue changed over time?
The organization has experienced significant revenue growth, nearly doubling from $5,619,069 in 2021 to $11,091,728 in 2023, and reaching $11,919,268 in its latest reported period.
What is the organization's asset growth trend?
Assets have shown consistent and substantial growth, increasing from $5,768,468 in 2021 to $10,708,392 in 2023, and reaching $13,597,737 in the latest period, indicating strong financial accumulation.
Filing History
IRS 990 filing history for Knoxville Convention & Visitors Bureau Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Knoxville Convention & Visitors Bureau Inc's revenue has grown by 161.9%, moving from $4.2M to $11.1M. Total assets increased by 155.7% over the same period, from $4.2M to $10.7M. Total functional expenses rose by 142.6%, from $3.7M to $8.9M. In its most recent filing year (2023), Knoxville Convention & Visitors Bureau Inc reported a surplus of $2.2M, with revenue exceeding expenses. The organization holds $1.0M in liabilities against $10.7M in assets (debt-to-asset ratio: 9.7%), resulting in net assets of $9.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.1M | $8.9M | $10.7M | $1.0M | — | View 990 |
| 2022 | $10.1M | $7.0M | $8.1M | $640K | — | View 990 |
| 2021 | $5.6M | $5.6M | $5.8M | $1.4M | — | View 990 |
| 2020 | $5.6M | $5.4M | $5.1M | $717K | — | View 990 |
| 2019 | $6.3M | $6.3M | $4.9M | $745K | — | View 990 |
| 2018 | $5.8M | $5.8M | $5.0M | $775K | — | View 990 |
| 2017 | $5.3M | $5.4M | $4.7M | $531K | — | View 990 |
| 2016 | $5.1M | $5.0M | $4.6M | $367K | — | View 990 |
| 2015 | $4.2M | $4.0M | $4.4M | $280K | — | View 990 |
| 2014 | $3.9M | $4.0M | $4.0M | $113K | — | View 990 |
| 2013 | $3.6M | $3.6M | $4.2M | $179K | — | View 990 |
| 2012 | $4.2M | $3.7M | $4.2M | $151K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.1M, expenses of $8.9M, and assets of $10.7M (revenue +9.9% year-over-year).
- 2022: Revenue of $10.1M, expenses of $7.0M, and assets of $8.1M (revenue +79.7% year-over-year).
- 2021: Revenue of $5.6M, expenses of $5.6M, and assets of $5.8M (revenue -0.3% year-over-year).
- 2020: Revenue of $5.6M, expenses of $5.4M, and assets of $5.1M (revenue -10.0% year-over-year).
- 2019: Revenue of $6.3M, expenses of $6.3M, and assets of $4.9M (revenue +7.6% year-over-year).
- 2018: Revenue of $5.8M, expenses of $5.8M, and assets of $5.0M (revenue +8.9% year-over-year).
- 2017: Revenue of $5.3M, expenses of $5.4M, and assets of $4.7M (revenue +4.7% year-over-year).
- 2016: Revenue of $5.1M, expenses of $5.0M, and assets of $4.6M (revenue +21.3% year-over-year).
- 2015: Revenue of $4.2M, expenses of $4.0M, and assets of $4.4M (revenue +7.7% year-over-year).
- 2014: Revenue of $3.9M, expenses of $4.0M, and assets of $4.0M (revenue +8.6% year-over-year).
- 2013: Revenue of $3.6M, expenses of $3.6M, and assets of $4.2M (revenue -15.1% year-over-year).
- 2012: Revenue of $4.2M, expenses of $3.7M, and assets of $4.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Knoxville Convention & Visitors Bureau Inc:
Data Sources and Methodology
This transparency report for Knoxville Convention & Visitors Bureau Inc 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.