The Community FDN of Middle TN Inc

Analysis

The Community FDN of Middle TN Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in February 1992, 34 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 December 2023, The Community FDN of Middle TN Inc reported income of $169.7m and spending of $87.2m, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $62.5m to $169.7m (+171%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 152%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Community FDN of Middle TN Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within TN. Charities of a similar size with the same main cause include Jewish Federation of Metropolitan Chicago ($169.1m), The Community Foundation for Greater Atlanta Inc ($170.6m) and Orange County Community Foundation ($166.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $512k (0.6% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $683.0m against liabilities of $23.7m, net assets of $659.3m. It reported 56 employees.