DOUGLAS CHEROKEE ECONOMIC AUTHORITY INC

DOUGLAS CHEROKEE ECONOMIC AUTHORITY INC

Morristown, TN, US
501(c)3
EIN
62-0752586

DOUGLAS CHEROKEE ECONOMIC AUTHORITY INC

Morristown, TN, US
501(c)3
EIN
62-0752586

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2025

$23,834,217

Government Grants
89%
Other
9%
Contributions
1%
Investments
<1%
Program Services
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025

$24,565,357

Salaries & Benefits
57%
Grants
21%
Other
13%
Offices, Occupancy & IT
6%
Depreciation
3%
Fees to Service Providers
<1%
Interest
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2024
2025
Change
Contributions
$838,188
$303,964
-64%
Government Grants
$25,183,640
$21,277,522
-16%
Fundraising Events
$0
$0
-
Program Services
$15,226
$9,183
-40%
Membership Dues
$0
$0
-
Investments
$1,319
$9,194
+597%
Other
$2,221,839
$2,234,354
+1%
Total Revenues
$28,260,212
$23,834,217
-16%
Expenses
2024
2025
Change
Grants
$6,987,097
$5,175,452
-26%
Benefits to Members
$0
$0
-
Salaries & Benefits
$14,424,042
$14,035,865
-3%
Fees to Service Providers
$108,550
$109,994
+1%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$1,349,114
$1,496,086
+11%
Interest
$7,736
$6,208
-20%
Depreciation
$645,967
$668,750
+4%
Other
$3,023,077
$3,073,002
+2%
Total Expenses
$26,545,583
$24,565,357
-7%
Net income
2024
2025
Change
Net income
+$1,714,629
-$731,140
-143%
Functional Expenses
Summary
2024
2025
Change
Program
$25,311,100
$23,338,278
-8%
Admin
$1,234,483
$1,227,079
-1%
Fundraising
$0
$0
-
Total Expenses
$26,545,583
$24,565,357
-7%
Income Statement
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