Tennessee Labor Management Foundation

Analysis

Tennessee Labor Management Foundation is a registered charity in United States, based in Oak Ridge, TN. It received its IRS tax-exemption ruling in June 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Tennessee Labor Management Foundation reported income of $75k and spending of $55k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $68k to $75k (+10.0%), an average of +2.4% a year. The sharpest change came in the year to December 2022, when income rose by 1518850%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tennessee Labor Management Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within TN. Charities of a similar size with the same main cause include Canyon Scholars ($75k), Bands of Claudia Taylor Johnson Foundation ($75k) and John F Kennedy Elementary School Parent Teacher Org Inc ($75k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $107k against liabilities of $0, net assets of $107k.