Upper Cumberland Entrepreneurial Foundation

Analysis

Upper Cumberland Entrepreneurial Foundation is a registered charity in United States, based in Cookeville, TN. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Upper Cumberland Entrepreneurial Foundation reported income of $719k and spending of $692k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $476k to $719k (+51%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Upper Cumberland Entrepreneurial Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within TN. Charities of a similar size with the same main cause include Ashley County Skilled Work Center Inc ($719k), Pico Union Project Inc ($719k) and Southern Maine Finance Agency ($719k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $100k (14% of expenses). Other salaries and wages came to $138k. At year end it held assets of $690k against liabilities of $535k, net assets of $155k. It reported 7 employees.