Southwest Tennessee Community College Foundation

Analysis

Southwest Tennessee Community College Foundation is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in October 1982, 44 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Southwest Tennessee Community College Foundation reported income of $636k and spending of $362k, leaving 43% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $413k to $636k (+54%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 289%. Over the whole period it spent 151% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southwest Tennessee Community College Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within TN. Charities of a similar size with the same main cause include Pioneer School ($636k), Blue Springs Education Foundation ($636k) and East Side Christian School Association ($636k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $6.1m against liabilities of $64k, net assets of $6.0m.