Tennessee Valley Art Association

Analysis

Tennessee Valley Art Association is a registered charity in United States, based in Tuscumbia, AL. It received its IRS tax-exemption ruling in September 1971, 55 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 March 2023, Tennessee Valley Art Association reported income of $377k and spending of $452k, spending 120% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $330k to $377k (+14%), an average of +4.5% a year. The sharpest change came in the year to March 2022, when income rose by 133%. Over the whole period it spent 132% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tennessee Valley Art Association sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within AL. Charities of a similar size with the same main cause include Luzerne County Historical Society ($377k), Jewish Records Indexing-Poland ($377k) and New Horizon Theather Inc ($377k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Other salaries and wages came to $155k. At year end it held assets of $939k against liabilities of $5,512, net assets of $934k. It reported 5 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.