DOUGLAS-CHEROKEE ECONOMIC AUTHORITY INC

MORRISTOWN, TN, 37816-0000 (423) 587-4500 Est. 1965 EIN 62-0752586

B22Z— Education Form 990 501(c)(3)

HTTP://WWW.DOUGLASCHEROKEE.ORG

Mission

DOUGLAS-CHEROKEE ECONOMIC AUTHORITY, INC. IS A COMMUNITY ACTION AGENCY SERVING SIX (6) RURAL APPALACHIAN COUNTIES EAST TENNESSEE-COCKE, GRAINGER, HAMBLEN, JEFFERSON, MONROE AND SEVIER. THE PURPOSE OF THE AGENCY IS TO HELP FAMILIES LIVING IN POVERTY IMPROVE THEIR LIVES BY PROVIDING THEM WITH ASSISTANCE AND SERVICES THAT THEY ARE NOT ABLE TO PROVIDE FOR THEMSELVES. THE FOCUS OF THE AGENCY IS TO HELP PEOPLE HELP THEMSELVES.

Financials

Total Revenue

$28,260,212

Total Expenses

$26,545,583

Net Assets

$17,835,435

685 employees

From latest filing (tax period ending 2024-06-30)

Financial Health

Operating Reserve

8.1 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↓ 6.9%

Expenses ↓ 13.2%

Revenue Sources

Contributions 92.1% Earned revenue 0.1% Other 8.0%

Expense Breakdown

Program 95.3% Management 4.7%

Officers & Key Employees (32)

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Grants Received (627)

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Filing History (7 filings)

Year	Revenue	Expenses	Net Assets
2023 Form 990	$28,260,212 ↓	$26,545,583	$17,835,435
2022 Form 990	$30,366,317 ↑	$30,592,995	$16,120,806
2021 Form 990	$28,197,437 ↑	$27,475,562	$16,347,484
2020 Form 990	$27,779,644 ↑	$27,203,657	$15,625,609
2019 Form 990	$24,662,210 ↑	$23,627,046	$15,049,622
2018 Form 990	$24,184,522 ↑	$22,744,189	$14,014,458
2017 Form 990	$22,245,053	$21,252,520	$12,574,125