Tennessee Independent Colleges and Universities

Analysis

Tennessee Independent Colleges and Universities is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in July 1983, 43 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 December 2023, Tennessee Independent Colleges and Universities reported income of $2.1m and spending of $1.8m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.7m to $2.1m (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2020, when income dropped by 55%. 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, Tennessee Independent Colleges and Universities sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within TN. Charities of a similar size with the same main cause include Banner Northlake Therapeutic Inc ($2.1m), Red River Charter Academy ($2.1m) and DJB Technical Academy ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $404k (22% of expenses). Other salaries and wages came to $172k. At year end it held assets of $4.0m against liabilities of $0, net assets of $4.0m. It reported 6 employees.