Tennessee Higher Education Initiative Inc

Analysis

Tennessee Higher Education Initiative Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in August 2012, 14 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, Tennessee Higher Education Initiative Inc reported income of $1.2m and spending of $1.3m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $539k to $1.2m (+126%), an average of +23% a year. The sharpest change came in the year to June 2020, when income rose by 79%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tennessee Higher Education Initiative Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within TN. Charities of a similar size with the same main cause include Connecticut Center for Arts & Technology Inc ($1.2m), Prince Georges Community College Foundation Inc ($1.2m) and Klamath Community College Foundation ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $748k. At year end it held assets of $17k against liabilities of $49k, net assets of -$31k.