Hamilton County Schools Fund for Excellence

Analysis

Hamilton County Schools Fund for Excellence is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in April 1990, 36 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, Hamilton County Schools Fund for Excellence reported income of $554k and spending of $509k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $563k to $554k (-1.6%), an average of -0.4% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hamilton County Schools Fund for Excellence sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within TN. Charities of a similar size with the same main cause include SWTC Real Estate Foundation Inc ($554k), Liberty Elementary Education Foundation Inc ($554k) and South Carolina Foundation for Educational Leadership ($554k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.6% of the total. Compensation of current officers, directors and key employees was $78k (15% of expenses). Other salaries and wages came to $4,844. At year end it held assets of $3.7m against liabilities of $3.2m, net assets of $521k.