Tusculum University

Analysis

Tusculum University is a registered charity in United States, based in Greeneville, TN. It received its IRS tax-exemption ruling in February 1934, 92 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Tusculum University reported income of $39.6m and spending of $42.9m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $44.1m to $39.6m (-10%), an average of -2.6% a year. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tusculum University 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 98th percentile, and in the 99th percentile within TN. Charities of a similar size with the same main cause include Eec ($39.6m), Freedom Preparatory Academy Inc ($39.7m) and University of Virginia McIntire School of Commerce Foundation ($39.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.8% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $432k (1.0% of expenses). Other salaries and wages came to $11.1m. At year end it held assets of $102.3m against liabilities of $51.9m, net assets of $50.4m. It reported 556 employees.