East Tennessee State University Foundation

Analysis

East Tennessee State University Foundation is a registered charity in United States, based in Johnson City, TN. It received its IRS tax-exemption ruling in January 1971, 55 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 June 2023, East Tennessee State University Foundation reported income of $22.5m and spending of $13.1m, leaving 42% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $15.2m to $22.5m (+48%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, East Tennessee State University Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Eclc of NJ a New Jersey Non Profit Corporation ($22.5m), The Community Charter School of Paterson Inc ($22.5m) and Renaissance Academy Charter School ($22.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $159.7m against liabilities of $11.2m, net assets of $148.5m.