University of Chattanooga Foundation Inc

Analysis

University of Chattanooga Foundation Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in October 1942, 84 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, University of Chattanooga Foundation Inc reported income of $11.7m and spending of $13.8m, spending 118% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $8.9m to $11.7m (+31%), an average of +9.4% a year. The sharpest change came in the year to June 2021, when income rose by 116%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Chattanooga Foundation Inc 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 96th percentile, and in the 96th percentile within TN. Charities of a similar size with the same main cause include Child Development Resources Inc ($11.7m), Union County Charter Education Association ($11.7m) and Latinos for Education Inc ($11.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% of the total. Other salaries and wages came to $8,000. At year end it held assets of $238.6m against liabilities of $43.5m, net assets of $195.2m. It reported 4 employees.