Hiwassee College Inc

Analysis

Hiwassee College Inc is a registered charity in United States, based in Alcoa, TN. It received its IRS tax-exemption ruling in November 1942, 84 years ago. 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, Hiwassee College Inc reported income of $69k and spending of $61k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.9m to $69k (-99%), an average of -68% a year. The sharpest change came in the year to June 2023, when income rose by 379%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hiwassee College Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 26th percentile within TN. Charities of a similar size with the same main cause include Rocky Hill Cooperative Nursery School Inc ($69k), Arvin a Brown Public Library ($69k) and University of Minnesota Student Section of the Society of Women ($69k).

At year end it held assets of $6.2m against liabilities of $0, net assets of $6.2m.