United Methodist Higher Education Foundation

Analysis

United Methodist Higher Education Foundation is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in April 1970, 56 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 December 2023, United Methodist Higher Education Foundation reported income of $2.4m and spending of $2.7m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.7m to $2.4m (-64%), an average of -23% a year. The sharpest change came in the year to December 2020, when income dropped by 74%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, United Methodist Higher Education Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within TN. Charities of a similar size with the same main cause include Tech Corps ($2.4m), Shepherd Valley School & Garden Inc ($2.4m) and Parsons Blewett Memorial Fund ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% of the total. Compensation of current officers, directors and key employees was $216k (7.9% of expenses). Other salaries and wages came to $372k. At year end it held assets of $61.9m against liabilities of $531k, net assets of $61.3m. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.