Tennessee Hospitality & Tourism Education Foundation

Analysis

Tennessee Hospitality & Tourism Education Foundation is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in May 2008, 18 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 December 2023, Tennessee Hospitality & Tourism Education Foundation reported income of $54k and spending of $66k, spending 122% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $93k to $54k (-42%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tennessee Hospitality & Tourism Education Foundation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within TN. Charities of a similar size with the same main cause include Parent Booster USA Inc ($54k), Literacy Through Multisensory Teaching Inc ($54k) and Committee of One Hundred Tulsa Inc ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 44% of the total. At year end it held assets of $195k against liabilities of $3,976, net assets of $191k.