Cable Foundation

Analysis

Cable Foundation is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Cable Foundation reported income of $96k and spending of $233k, spending 243% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $75k to $96k (+28%), an average of +28% a year. The sharpest change came in the year to June 2024, when income rose by 28%. Over the whole period it spent 264% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cable Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within TN. Charities of a similar size with the same main cause include Newtowne Community Development Corporation ($96k), George R Martin School PTO ($96k) and Community Career Development Council Inc ($96k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 36% and program service revenue 51% of the total. At year end it held assets of $34k against liabilities of $144k, net assets of -$110k.