Andrew Jackson Foundation

Analysis

Andrew Jackson Foundation is a registered charity in United States, based in Hermitage, TN. It received its IRS tax-exemption ruling in January 1938, 88 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Andrew Jackson Foundation reported income of $8.6m and spending of $6.0m, leaving 30% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.1m to $8.6m (+70%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 58%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Andrew Jackson Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TN. Charities of a similar size with the same main cause include National Dance Institute Inc ($8.6m), Aperture Foundation Inc ($8.7m) and Blue Lake Fine Arts Camp ($8.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $204k (3.4% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $14.6m against liabilities of $2.5m, net assets of $12.1m. It reported 117 employees.