Variety Of Eastern Tennessee
EIN: 331025696 · Knoxville, TN · NTEE: O125
Is Variety Of Eastern Tennessee Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Variety Of Eastern Tennessee
Variety Of Eastern Tennessee (EIN: 331025696) is a nonprofit organization based in Knoxville, TN, classified under NTEE code O125. The organization reported total revenue of $575K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Variety Of Eastern Tennessee's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Variety Of Eastern Tennessee is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $815K |
| Total Expenses | $525K |
| Surplus / Deficit | +$290K |
| Total Assets | $1.1M |
| Total Liabilities | $3K |
| Net Assets | $1.1M |
| Operating Margin | 35.6% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 24.8 months |
Financial Health Grade: A
In 2023, Variety Of Eastern Tennessee reported a surplus of $290K with revenue exceeding expenses, holds 24.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Variety Of Eastern Tennessee's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.9% | +76.2% | +36.2% |
| 2022 | +2166.0% | +375.1% | +80.6% |
| 2021 | -88.8% | -85.7% | +72.0% |
| 2020 | -43.9% | -27.2% | -19.9% |
| 2019 | +126.6% | -16.2% | -1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Variety Of Eastern 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 Variety Of Eastern 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 $290K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Frequently Asked Questions about Variety Of Eastern Tennessee
Is Variety Of Eastern Tennessee a legitimate charity?
Based on AI analysis of IRS 990 filings, Variety Of Eastern Tennessee (EIN: 331025696) insufficient data. 0 red flags identified, 0 strengths noted.
How does Variety Of Eastern Tennessee spend its money?
Detailed spending breakdown data is not yet available for Variety Of Eastern Tennessee. Check back for updated IRS 990 analysis.
Are donations to Variety Of Eastern Tennessee tax-deductible?
Variety Of Eastern Tennessee is registered as a tax-exempt nonprofit (EIN: 331025696). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Variety Of Eastern Tennessee showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Variety Of Eastern Tennessee's revenue has grown by 11.7%, moving from $730K to $815K. Total assets increased by 146.7% over the same period, from $440K to $1.1M. Total functional expenses fell by 24.1%, from $692K to $525K. In its most recent filing year (2023), Variety Of Eastern Tennessee reported a surplus of $290K, with revenue exceeding expenses. The organization holds $3K in liabilities against $1.1M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $815K | $525K | $1.1M | $3K | — | View 990 |
| 2022 | $885K | $298K | $797K | $4K | — | View 990 |
| 2021 | $39K | $63K | $442K | $236K | — | View 990 |
| 2020 | $350K | $440K | $257K | $27K | — | View 990 |
| 2019 | $624K | $604K | $321K | $2K | — | View 990 |
| 2018 | $275K | $720K | $324K | $25K | — | View 990 |
| 2017 | $1.2M | $618K | $806K | $62K | — | View 990 |
| 2016 | $277K | $584K | $250K | $106K | — | View 990 |
| 2015 | $1.2M | $799K | $586K | $135K | — | View 990 |
| 2014 | $751K | $788K | $30K | $1K | — | View 990 |
| 2013 | $712K | $781K | $152K | $86K | — | View 990 |
| 2012 | $672K | $807K | $198K | $64K | — | View 990 |
| 2011 | $730K | $692K | $440K | $171K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $815K, expenses of $525K, and assets of $1.1M (revenue -7.9% year-over-year).
- 2022: Revenue of $885K, expenses of $298K, and assets of $797K (revenue +2166.0% year-over-year).
- 2021: Revenue of $39K, expenses of $63K, and assets of $442K (revenue -88.8% year-over-year).
- 2020: Revenue of $350K, expenses of $440K, and assets of $257K (revenue -43.9% year-over-year).
- 2019: Revenue of $624K, expenses of $604K, and assets of $321K (revenue +126.6% year-over-year).
- 2018: Revenue of $275K, expenses of $720K, and assets of $324K (revenue -77.4% year-over-year).
- 2017: Revenue of $1.2M, expenses of $618K, and assets of $806K (revenue +340.1% year-over-year).
- 2016: Revenue of $277K, expenses of $584K, and assets of $250K (revenue -77.4% year-over-year).
- 2015: Revenue of $1.2M, expenses of $799K, and assets of $586K (revenue +62.8% year-over-year).
- 2014: Revenue of $751K, expenses of $788K, and assets of $30K (revenue +5.4% year-over-year).
- 2013: Revenue of $712K, expenses of $781K, and assets of $152K (revenue +6.0% year-over-year).
- 2012: Revenue of $672K, expenses of $807K, and assets of $198K (revenue -7.9% year-over-year).
- 2011: Revenue of $730K, expenses of $692K, and assets of $440K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Variety Of Eastern Tennessee:
Data Sources and Methodology
This transparency report for Variety Of Eastern 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.