Tennessee State University Foundation

Analysis

Tennessee State University Foundation is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in March 1971, 55 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Tennessee State University Foundation reported income of $11.5m and spending of $9.5m, spending 82% of its income. Across the 3 years on record, from June 2019 to June 2023, income grew from $8.8m to $11.5m (+31%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tennessee State University Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within TN. Charities of a similar size with the same main cause include Oakcrest School ($11.5m), Community Development Incorporation ($11.6m) and Geneva School of Manhattan ($11.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 2.5% of the total. At year end it held assets of $109.5m against liabilities of $153k, net assets of $109.3m.