Tennessee State Museum Foundation

Analysis

Tennessee State Museum Foundation is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in December 1976, 50 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Tennessee State Museum Foundation reported income of $296k and spending of $1.7m, spending 573% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $296k (-75%), an average of -30% a year. The sharpest change came in the year to June 2022, when income rose by 215%. Over the whole period it spent 572% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tennessee State Museum Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within TN. Charities of a similar size with the same main cause include Collins Theatre Foundation Inc ($296k), Inis Nua Theatre Company ($296k) and Sandcastles a Lake Michigan Childrens Museum Inc ($296k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 156% of the total. At year end it held assets of $2.5m against liabilities of $1,875, net assets of $2.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.