Tennessee Hospital Education & Research Foundation Inc

Analysis

Tennessee Hospital Education & Research Foundation Inc is a registered charity in United States, based in Brentwood, TN. It received its IRS tax-exemption ruling in July 1965, 61 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Tennessee Hospital Education & Research Foundation Inc reported income of $2.9m and spending of $3.0m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.1m to $2.9m (-6.1%), an average of -1.6% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tennessee Hospital Education & Research Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within TN. Charities of a similar size with the same main cause include Oak Park and River Forest Infant Welfare Society ($2.9m), Che Center for Health Empowerment ($2.9m) and United Memorial Medical Center Foundation Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $174k (5.8% of expenses). Other salaries and wages came to $249k. At year end it held assets of $2.1m against liabilities of $1.8m, net assets of $269k.