Harold S Vanderbilt Bridge Education Association

Analysis

Harold S Vanderbilt Bridge Education Association is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in November 2011, 15 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 March 2024, Harold S Vanderbilt Bridge Education Association reported income of $163k and spending of $232k, spending 142% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income fell from $298k to $163k (-45%), an average of -11% a year. The sharpest change came in the year to March 2021, when income dropped by 24%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Harold S Vanderbilt Bridge Education Association sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within TN. Charities of a similar size with the same main cause include Proj Learn Achieve & Responsibility for Inner-City Students ($163k), Logan-Rogersville Educational Foundation Inc ($163k) and International Association of Assessing Officers ($163k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 18% and program service revenue 82% of the total. At year end it held assets of $1.1m against liabilities of $4,687, net assets of $1.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.