Tennessee Quality Award Inc

Analysis

Tennessee Quality Award Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in June 1993, 33 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 Quality Award Inc reported income of $376k and spending of $395k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $430k to $376k (-12%), an average of -3.3% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tennessee Quality Award Inc 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 66th percentile, and in the 67th percentile within TN. Charities of a similar size with the same main cause include Bootstraps Inc ($376k), Income Movement Foundation ($376k) and Congregation Roeh Israel ($376k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $142k (36% of expenses). Other salaries and wages came to $108k. At year end it held assets of $222k against liabilities of $74k, net assets of $148k. It reported 2 employees.