Blount County Education Foundation

Analysis

Blount County Education Foundation is a registered charity in United States, based in Alcoa, TN. It received its IRS tax-exemption ruling in January 1992, 34 years ago. 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 2024, Blount County Education Foundation reported income of $211k and spending of $157k, leaving 26% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $108k to $211k (+95%), an average of +40% a year. The sharpest change came in the year to June 2024, when income rose by 142%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Blount County Education Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within TN. Charities of a similar size with the same main cause include Gibson Society Inc ($211k), Transit Forward ($211k) and Chelsea Athletic Boosters Inc ($211k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $59k. At year end it held assets of $113k against liabilities of $0, net assets of $113k. It reported 1 employees.