Volunteer State College Foundation

Analysis

Volunteer State College Foundation is a registered charity in United States, based in Gallatin, TN. It received its IRS tax-exemption ruling in December 1989, 37 years ago. 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 2023, Volunteer State College Foundation reported income of $921k and spending of $852k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $921k (-30%), an average of -8.7% a year. The sharpest change came in the year to June 2021, when income dropped by 29%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Volunteer State College Foundation sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within TN. Charities of a similar size with the same main cause include Habonim Camp Tavor ($921k), Haili Christian School ($921k) and Habitat for Humanity International Inc ($921k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 7.4% of the total. At year end it held assets of $8.6m against liabilities of $2,700, net assets of $8.6m.