Tennessee Valley Art Association Foundation for Endowme

Analysis

Tennessee Valley Art Association Foundation for Endowme is a registered charity in United States, based in Tuscumbia, AL. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Tennessee Valley Art Association Foundation for Endowme reported income of $59k and spending of $3,542, leaving 94% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $79k to $59k (-26%), an average of -9.4% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 2.1% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tennessee Valley Art Association Foundation for Endowme sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within AL. Charities of a similar size with the same main cause include Society for Bevel Intentions Inc ($59k), Port Angeles Community Players Inc ($59k) and Mind to Move Inc ($59k).

At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.