Tennessee Pharmacists Research and Education Foundation

Analysis

Tennessee Pharmacists Research and Education Foundation is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in September 1991, 35 years ago. 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, Tennessee Pharmacists Research and Education Foundation reported income of $6.1m and spending of $5.8m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $561k to $6.1m (+993%), an average of +82% a year. The sharpest change came in the year to December 2023, when income rose by 405%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tennessee Pharmacists Research and Education Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within TN. Charities of a similar size with the same main cause include Harbor House of Central Florida Inc ($6.1m), Battle Creek Area Catholic Schools Foundation Inc ($6.1m) and Institute of American Indian Arts Foundation ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $2.3m against liabilities of $1.6m, net assets of $748k.