Pellissippi State Community College Foundation

Analysis

Pellissippi State Community College Foundation is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in March 1983, 43 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Pellissippi State Community College Foundation reported income of $1.4m and spending of $1.0m, leaving 27% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $2.4m to $1.4m (-41%), an average of -12% a year. The sharpest change came in the year to June 2021, when income dropped by 56%. Over the whole period it spent 155% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pellissippi State Community College Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within TN. Charities of a similar size with the same main cause include Community Charter School of Cambridge Foundation Inc ($1.4m), Construction Industry Educational Foundation ($1.4m) and Highland Park Community Nursery School and Day Care Center ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 65% of the total. At year end it held assets of $26.0m against liabilities of $8,678, net assets of $25.9m.