Tennessee Educational Cooperative

Analysis

Tennessee Educational Cooperative is a registered charity in United States, based in Loudon, TN. It received its IRS tax-exemption ruling in July 1989, 37 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 June 2023, Tennessee Educational Cooperative reported income of $3.6m and spending of $3.2m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $3.6m (+184%), an average of +30% a year. The sharpest change came in the year to June 2023, when income rose by 81%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tennessee Educational Cooperative sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within TN. Charities of a similar size with the same main cause include Notre Dame School of Milwaukee Foundation Inc ($3.6m), Kootenai Bridge Academy ($3.6m) and Colfax Marathon Partnership Inc ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $81k (2.6% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $838k against liabilities of $29k, net assets of $808k. It reported 100 employees.