Chattanooga-Hamilton County Public Education Fund

Analysis

Chattanooga-Hamilton County Public Education Fund is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in January 1989, 37 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Chattanooga-Hamilton County Public Education Fund reported income of $2.8m and spending of $4.6m, spending 161% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.9m to $2.8m (-27%), an average of -7.6% a year. The sharpest change came in the year to June 2022, when income rose by 101%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chattanooga-Hamilton County Public Education Fund sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within TN. Charities of a similar size with the same main cause include Laurel Tree Charter School ($2.8m), Valley Cottage Free Library ($2.8m) and Nus America Foundation Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $429k (9.4% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $17.5m against liabilities of $419k, net assets of $17.1m. It reported 76 employees.