Tennessee Economic Partnership Inc

Analysis

Tennessee Economic Partnership Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in May 1992, 34 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Tennessee Economic Partnership Inc reported income of $282k and spending of $231k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $244k to $282k (+15%), an average of +3.7% a year. The sharpest change came in the year to December 2022, when income dropped by 32%. Over the whole period it spent 70% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tennessee Economic Partnership Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within TN. Charities of a similar size with the same main cause include Assistance League of Victor Valley ($281k), Community Economic Development Company of Colorado ($282k) and Elizabeth Avenue Partnership Inc ($281k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.