Parsons-Decatur County Higher Education Foundation

Analysis

Parsons-Decatur County Higher Education Foundation is a registered charity in United States, based in Parsons, TN. It received its IRS tax-exemption ruling in March 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Parsons-Decatur County Higher Education Foundation reported income of $843k and spending of $432k, leaving 49% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $701k to $843k (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Parsons-Decatur County Higher Education Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within TN. Charities of a similar size with the same main cause include Crosspointe Academy Inc ($843k), Education Based Housing Inc ($843k) and Learn to Be Foundation ($843k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 26% and program service revenue 49% of the total. At year end it held assets of $9.1m against liabilities of $0, net assets of $9.1m.