Bodine of Germantown Inc

Analysis

Bodine of Germantown Inc is a registered charity in United States, based in Germantown, TN. It received its IRS tax-exemption ruling in July 1972, 54 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, Bodine of Germantown Inc reported income of $3.8m and spending of $2.9m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $3.8m (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bodine of Germantown Inc 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 91st percentile, and in the 91st percentile within TN. Charities of a similar size with the same main cause include Christopher Newport University Real Estate Foundation Inc ($3.8m), Kentucky College of Art and Design Inc ($3.8m) and Chelsea School ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.3% and program service revenue 69% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $10.7m against liabilities of $2.5m, net assets of $8.3m. It reported 42 employees.