Tennesseans for the Arts Inc

Analysis

Tennesseans for the Arts Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in April 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Tennesseans for the Arts Inc reported income of $110k and spending of $78k, leaving 29% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $81k to $110k (+35%), an average of +35% a year. The sharpest change came in the year to June 2024, when income rose by 35%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tennesseans for the Arts Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within TN. Charities of a similar size with the same main cause include VZCM Inc ($110k), Camas Prairie Cowboy Convention ($110k) and Elliot Park Neighborhood Inc ($110k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 37% and program service revenue 10% of the total. At year end it held assets of $78k against liabilities of $0, net assets of $78k.