Tnachieves

Analysis

Tnachieves is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in April 2011, 15 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 2023, Tnachieves reported income of $5.7m and spending of $6.2m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $5.7m (+116%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 64%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tnachieves 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 93rd percentile, and in the 93rd percentile within TN. Charities of a similar size with the same main cause include Edsource Inc ($5.7m), Colegio San Jose Marianist Corp ($5.7m) and German-American School of Portland ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $372k (6.0% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $1.3m against liabilities of $35k, net assets of $1.3m. It reported 52 employees.