Branch of Nashville Inc

Analysis

Branch of Nashville Inc is a registered charity in United States, based in Antioch, TN. It received its IRS tax-exemption ruling in June 2014, 12 years ago. 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, Branch of Nashville Inc reported income of $2.5m and spending of $2.7m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $323k to $2.5m (+682%), an average of +67% a year. The sharpest change came in the year to December 2021, when income rose by 552%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Branch of Nashville Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within TN. Charities of a similar size with the same main cause include Multicultural Community Resource Center ($2.5m), St Louis Community College Foundation ($2.5m) and St John Bosco Clinic Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $109k (4.1% of expenses). Other salaries and wages came to $348k. At year end it held assets of $469k against liabilities of $2,783, net assets of $466k. It reported 20 employees.