Sequoyah Elementary Foundation

Analysis

Sequoyah Elementary Foundation is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Sequoyah Elementary Foundation reported income of $113k and spending of $149k, spending 132% of what it took in. Across the 2 years on record, from May 2022 to May 2023, income fell from $117k to $113k (-3.5%), an average of -3.5% a year. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sequoyah Elementary Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within TN. Charities of a similar size with the same main cause include Omega Psi Phi Charities of Nevada ($113k), Allegan All-Sports Booster Club ($113k) and Evans Scholars Foundation ($113k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 125% of the total. At year end it held assets of $222k against liabilities of $0, net assets of $222k.