Tennessee Association of Independent Schools

Analysis

Tennessee Association of Independent Schools is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in March 1990, 36 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Tennessee Association of Independent Schools reported income of $645k and spending of $486k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $447k to $645k (+44%), an average of +9.6% a year. The sharpest change came in the year to June 2022, when income rose by 103%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tennessee Association of Independent Schools sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within TN. Charities of a similar size with the same main cause include The Nalp Foundation for Law Career Research and Education ($645k), Nutrients for Life Foundation ($645k) and Education Francaise Bay Area - French Education in the Bay Area ($645k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $159k (33% of expenses). Other salaries and wages came to $116k. At year end it held assets of $577k against liabilities of $43k, net assets of $534k. It reported 3 employees.