East Nashville Hope Exchange Inc

Analysis

East Nashville Hope Exchange Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in May 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 December 2023, East Nashville Hope Exchange Inc reported income of $196k and spending of $268k, spending 137% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $203k to $196k (-3.6%), an average of -1.8% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, East Nashville Hope Exchange Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within TN. Charities of a similar size with the same main cause include Solar Car Challenge Foundation ($196k), Maine Coast Rowing Association ($196k) and Queens Grant Pti ($196k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $63k (23% of expenses). Other salaries and wages came to $112k. At year end it held assets of $223k against liabilities of $0, net assets of $223k. It reported 14 employees.