Tennessee Association of Business Foundation

Analysis

Tennessee Association of Business Foundation is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in February 1988, 38 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, Tennessee Association of Business Foundation reported income of $1.1m and spending of $977k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $646k to $1.1m (+68%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 173%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tennessee Association of Business Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within TN. Charities of a similar size with the same main cause include Metals Innovation Initiative Inc ($1.1m), Innocence Project of Texas ($1.1m) and Waycraft Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $2.1m against liabilities of $1.3m, net assets of $816k.