The Tau Beta Pi Association Inc

Analysis

The Tau Beta Pi Association Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in January 1949, 77 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2023, The Tau Beta Pi Association Inc reported income of $4.6m and spending of $3.8m, spending 82% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $5.5m to $4.6m (-18%), an average of -4.8% a year. The sharpest change came in the year to July 2022, when income rose by 30%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Tau Beta Pi Association Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within TN. Charities of a similar size with the same main cause include Campus Facilities Inc ($4.6m), Questa Education Foundation Inc ($4.6m) and Lake Washington Girls Middle School ($4.6m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 46% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $152k (4.0% of expenses). Other salaries and wages came to $824k. It paid $19k in professional fundraising fees. At year end it held assets of $41.1m against liabilities of $2.7m, net assets of $38.4m. It reported 24 employees.