Nashville State Community College Foundation

Analysis

Nashville State Community College Foundation is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in August 1994, 32 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, Nashville State Community College Foundation reported income of $2.6m and spending of $1.7m, leaving 36% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $2.6m (+119%), an average of +30% a year. The sharpest change came in the year to June 2021, when income rose by 80%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nashville State Community College Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within TN. Charities of a similar size with the same main cause include Community Foundation of Boone County Inc ($2.6m), Brewers Community Foundation ($2.7m) and Oscar Mike Foundation ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $256k. At year end it held assets of $6.5m against liabilities of $3.1m, net assets of $3.5m.