Tennessee Orthopaedic Foundation for Education and Research Tofer

Analysis

Tennessee Orthopaedic Foundation for Education and Research Tofer is a registered charity in United States, based in Brentwood, TN. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tennessee Orthopaedic Foundation for Education and Research Tofer reported income of $167k and spending of $289k, spending 173% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $167k (+110%), an average of +110% a year. The sharpest change came in the year to December 2023, when income rose by 110%. Over the whole period it spent 147% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tennessee Orthopaedic Foundation for Education and Research Tofer sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within TN. Charities of a similar size with the same main cause include Illinois Burn Prevention Associaton ($167k), Wahlbangers Drum Circle ($167k) and Sewakwatho Corporation ($167k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $17k against liabilities of $361k, net assets of -$344k.