Tennessee Association of Woodturners Inc

Analysis

Tennessee Association of Woodturners Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in March 2005, 21 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 February 2024, Tennessee Association of Woodturners Inc reported income of $87k and spending of $87k, spending 100% of its income. Across the 2 years on record, from February 2023 to February 2024, income fell from $93k to $87k (-7.1%), an average of -7.1% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tennessee Association of Woodturners Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within TN. Charities of a similar size with the same main cause include Rudolf Steiner Library Circle of Friends ($87k), Prospect Community Library ($87k) and Canyon Education Foundation ($87k).

On its Form 990-EZ for the period ending February 2024, revenue came from contributions and grants 22% and program service revenue 66% of the total. At year end it held assets of $120k against liabilities of $0, net assets of $120k.