Economic Club of Nashville Charities Inc

Analysis

Economic Club of Nashville Charities Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in May 2019, 7 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Economic Club of Nashville Charities Inc reported income of $360k and spending of $173k, leaving 52% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $336k to $360k (+7.3%), an average of +3.6% a year. The sharpest change came in the year to June 2024, when income rose by 53%. Over the whole period it spent 55% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Economic Club of Nashville Charities Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within TN. Charities of a similar size with the same main cause include The Greater Ridgewood Restoration ($360k), Sedalia-Pettis County Community Service Corporation ($360k) and Miami Downtown Redevelopment Authority ($360k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $624k against liabilities of $0, net assets of $624k.