Educational & Memorial Foundation of the Tennessee Society of Cpas

Analysis

Educational & Memorial Foundation of the Tennessee Society of Cpas is a registered charity in United States, based in Brentwood, TN. It received its IRS tax-exemption ruling in March 1972, 54 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Educational & Memorial Foundation of the Tennessee Society of Cpas reported income of $2.5m and spending of $2.4m, spending 94% of its income. Across the 5 years on record, from March 2020 to March 2024, income fell from $2.6m to $2.5m (-3.8%), an average of -1.0% a year. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Educational & Memorial Foundation of the Tennessee Society of Cpas sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within TN. Charities of a similar size with the same main cause include Lincoln International Charterschool ($2.5m), Christian Education Development Company ($2.5m) and Grace Association of Schools Inc ($2.5m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 9.2% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $56k (2.4% of expenses). Other salaries and wages came to $517k. At year end it held assets of $3.9m against liabilities of $162k, net assets of $3.8m.