Tennessee Technological University Foundation

Analysis

Tennessee Technological University Foundation is a registered charity in United States, based in Cookeville, TN. It received its IRS tax-exemption ruling in April 1978, 48 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 2023, Tennessee Technological University Foundation reported income of $10.6m and spending of $9.0m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.9m to $10.6m (+7.3%), an average of +1.8% a year. The sharpest change came in the year to June 2022, when income rose by 168%. Over the whole period it spent 55% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tennessee Technological University Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TN. Charities of a similar size with the same main cause include Barkai Foundation Inc ($10.6m), St Christophers School Foundation ($10.6m) and John V Lindsay Wildcat Academy Charter School ($10.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% of the total. At year end it held assets of $138.1m against liabilities of $2.6m, net assets of $135.5m.