Maryville City Schools Foundation Inc

Analysis

Maryville City Schools Foundation Inc is a registered charity in United States, based in Maryville, TN. It received its IRS tax-exemption ruling in April 1991, 35 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 May 2023, Maryville City Schools Foundation Inc reported income of $422k and spending of $508k, spending 120% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $306k to $422k (+38%), an average of +8.3% a year. The sharpest change came in the year to May 2020, when income rose by 33%. Over the whole period it spent 105% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Maryville City Schools Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within TN. Charities of a similar size with the same main cause include Sri Sathya Sai World Foundation ($422k), Houston Jewish Geriatric Foundation Inc ($422k) and Joseph L & Esther M Lieberman Trust 01-02074 ($422k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 78% of the total. Other salaries and wages came to $41k. At year end it held assets of $215k against liabilities of $3,299, net assets of $212k. It reported 2 employees.