Nashville Entrepreneur Center

Analysis

Nashville Entrepreneur Center is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in October 2010, 16 years ago. 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, Nashville Entrepreneur Center reported income of $3.5m and spending of $3.9m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $3.5m (+49%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nashville Entrepreneur Center sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within TN. Charities of a similar size with the same main cause include Young Mens Christian Association of Kankakee Ill ($3.5m), Abc of Indiana Apprenticeship Trust ($3.5m) and Appraisal Foundation ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $807k (21% of expenses). Other salaries and wages came to $680k. At year end it held assets of $4.9m against liabilities of $63k, net assets of $4.8m. It reported 21 employees.