Collegedale Tomorrow Foundation Inc

Analysis

Collegedale Tomorrow Foundation Inc is a registered charity in United States, based in Collegedale, TN. It received its IRS tax-exemption ruling in February 2015, 11 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 June 2023, Collegedale Tomorrow Foundation Inc reported income of $644k and spending of $453k, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $241k to $644k (+168%), an average of +28% a year. The sharpest change came in the year to June 2020, when income rose by 496%. Over the whole period it spent 184% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Collegedale Tomorrow Foundation Inc 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 North Tacoma Soccer Club ($644k), Easton Economic Development Corporation ($645k) and Madison Ave-Crossroads Community Ministries Inc ($644k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $125k (28% of expenses). Other salaries and wages came to $128k. At year end it held assets of $361k against liabilities of $20k, net assets of $340k. It reported 13 employees.