Highlands Foundation

Analysis

Highlands Foundation is a registered charity in United States, based in Cookeville, TN. It received its IRS tax-exemption ruling in April 2016, 10 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, Highlands Foundation reported income of $93k and spending of $18k, leaving 80% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $146k to $93k (-36%), an average of -36% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 48% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Highlands Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within TN. Charities of a similar size with the same main cause include Federation of Korean American Associations of NW States USA ($93k), Sustain Equity Group ($94k) and First City of Lights Foundation ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $204k against liabilities of $11k, net assets of $193k.