Miss Jennie Ruth Corn Endowment

Analysis

Miss Jennie Ruth Corn Endowment is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in December 1985, 41 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Miss Jennie Ruth Corn Endowment reported income of $67k and spending of $7,008, leaving 90% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $30k to $67k (+126%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 915%. Over the whole period it spent 13% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Miss Jennie Ruth Corn Endowment sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within TN. Charities of a similar size with the same main cause include Brooklyn Heights Music Society Inc ($67k), Ghent District Foundation ($67k) and Dwelling Place Regional Community Land Trust ($67k).

At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.