Tennessee Soybean Festival Inc

Analysis

Tennessee Soybean Festival Inc is a registered charity in United States, based in Martin, TN. It received its IRS tax-exemption ruling in August 1994, 32 years ago. 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 October 2023, Tennessee Soybean Festival Inc reported income of $872k and spending of $902k, spending 103% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $543k to $872k (+61%), an average of +13% a year. The sharpest change came in the year to October 2021, when income rose by 1153%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tennessee Soybean Festival 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 78th percentile, and in the 79th percentile within TN. Charities of a similar size with the same main cause include The Womens Fund for Health Education and Research ($872k), Shreveport Electrical Joint Apprenticeship & Training Trust Fu ($873k) and CRDC Maintenance Training Corp ($872k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Other salaries and wages came to $3,095. At year end it held assets of $26k against liabilities of $0, net assets of $26k. It reported 1 employees.