East Tennessee Supporting Foundation

Analysis

East Tennessee Supporting Foundation is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in November 1996, 30 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, East Tennessee Supporting Foundation reported income of $11.2m and spending of $37k, leaving 100% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $11.2m (+597%), an average of +62% a year. The sharpest change came in the year to December 2020, when income dropped by 100%. Over the whole period it spent 12% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, East Tennessee Supporting Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TN. Charities of a similar size with the same main cause include Tumo Foundation ($11.2m), Invited Foundation ($11.2m) and The Harry Halloran Jr Charitable Trust ($11.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $11.6m against liabilities of $37k, net assets of $11.5m.