Ted and Drama Russell Family Foundation

Analysis

Ted and Drama Russell Family Foundation is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ted and Drama Russell Family Foundation reported income of $4.2m and spending of $4.3m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.7m to $4.2m (-9.8%), an average of -2.5% a year. The sharpest change came in the year to December 2021, when income rose by 147%. Over the whole period it spent 55% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ted and Drama Russell Family Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within TN. Charities of a similar size with the same main cause include Oregon Washington Health Network ($4.2m), MGM Resorts Foundation ($4.2m) and Northeast Texas Community College Foundation ($4.2m).

At year end it held assets of $93.5m against liabilities of $0, net assets of $93.5m.