Tennessee Trucking Foundation Inc

Analysis

Tennessee Trucking Foundation 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. 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, Tennessee Trucking Foundation Inc reported income of $657k and spending of $555k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $368k to $657k (+79%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tennessee Trucking Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within TN. Charities of a similar size with the same main cause include Impact San Antonio Foundation Incorporated ($656k), Promise Center Incorporated ($657k) and Verland Endowment ($656k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% of the total. At year end it held assets of $1.2m against liabilities of $4,000, net assets of $1.2m.