Nashville Songwriters Foundation Inc

Analysis

Nashville Songwriters Foundation Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in July 1984, 42 years ago. 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 March 2024, Nashville Songwriters Foundation Inc reported income of $491k and spending of $442k, spending 90% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $357k to $491k (+38%), an average of +8.3% a year. The sharpest change came in the year to March 2022, when income rose by 246%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nashville Songwriters Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within TN. Charities of a similar size with the same main cause include Gulab Bano Foundation Inc ($491k), St Joseph Education Endowment Fund Inc ($491k) and Miss Ginas Preschool and Parent Involvement Center Inc ($491k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $98k (22% of expenses). At year end it held assets of $1.4m against liabilities of $26k, net assets of $1.4m. It reported 1 employees.