KINGSPORT CHAMBER FOUNDATION
Mission Statement
The purpose of the organization shall be to advance economic, civic, commercial, cultural, industrial and educational development; to encourage economic and social progress of the Kingsport area for the benefit of all citizens and all areas of its business community; to work with and cooperate with City and County governments to facilitate the production and distribution of goods and services; and to encourage an atmosphere in which private enterprise may operate profitably and efficiently. All necessary means of promotion shall be provided and particular attention and emphasis shall be given to the above-mentioned interests of the area.
Financial Overview — FY 2025
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
97.6% | 85.4% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
2.4% | 11.1% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
0.0% | 152.5% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
7.6 mo | 10.2 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
23.4% | 20.7% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
66.2% | 89.8% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
22.7% | 6.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
22.8% | 7.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
0.6% | 2.0% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $4.6M | $4.6M | $2.9M | 97.6% | 31 |
| 2024 | $3.8M | $3.7M | $2.9M | 96.8% | 32 |
| 2023 | $3.6M | $3.5M | $2.9M | 96.4% | 35 |
| 2022 | $3.7M | $3.4M | $2.8M | 96.6% | 37 |
| 2021 | $3.1M | $2.9M | N/A | — | 32 |
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