Hamblen County Foundation for Educationalexcellence and

Analysis

Hamblen County Foundation for Educationalexcellence and is a registered charity in United States, based in Morristown, TN. It received its IRS tax-exemption ruling in December 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 June 2023, Hamblen County Foundation for Educationalexcellence and reported income of $281k and spending of $278k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $149k to $281k (+88%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 309%. Over the whole period it spent 138% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hamblen County Foundation for Educationalexcellence and sits at the 64th percentile: it is larger than about 64% 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 Rockland Foundation ($281k), Lewis & Clark Foundation ($282k) and Partners for Better Futures ($281k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $35k (13% of expenses). Other salaries and wages came to $25k. At year end it held assets of $955k against liabilities of $7,124, net assets of $948k. It reported 5 employees.