Belmont Mansion Association

Analysis

Belmont Mansion Association is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in March 1973, 53 years ago. 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 August 2023, Belmont Mansion Association reported income of $648k and spending of $616k, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $567k to $648k (+14%), an average of +3.4% a year. The sharpest change came in the year to August 2022, when income rose by 35%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Belmont Mansion 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 74th percentile, and in the 76th percentile within TN. Charities of a similar size with the same main cause include Interstitial Cystitis Association of America ($648k), Military Veterans in Journalism Inc ($648k) and Vistar Inc ($648k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 15% and program service revenue 77% of the total. Other salaries and wages came to $465k. At year end it held assets of $561k against liabilities of $66k, net assets of $495k. It reported 48 employees.