Tenn-Share

Analysis

Tenn-Share is a registered charity in United States, based in Alcoa, TN. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Tenn-Share reported income of $1.9m and spending of $1.9m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $119k to $1.9m (+1504%), an average of +100% a year. The sharpest change came in the year to June 2021, when income rose by 1386%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tenn-Share sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within TN. Charities of a similar size with the same main cause include Hope Creek Academy Inc ($1.9m), Rise Charter School Inc ($1.9m) and Portsmouth STEM Academy ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $75k (4.0% of expenses). At year end it held assets of $1.2m against liabilities of $1.0m, net assets of $185k. It reported 1 employees.