Tennessee Arts Academy Foundation

Analysis

Tennessee Arts Academy Foundation is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Tennessee Arts Academy Foundation reported income of $523k and spending of $389k, leaving 26% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $395k to $523k (+32%), an average of +9.8% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tennessee Arts Academy Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within TN. Charities of a similar size with the same main cause include Oklahoma Islamic School Foundation ($523k), Keep ($523k) and Murray 1693 Scholars Foundation ($523k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $10k (2.6% of expenses). Other salaries and wages came to $20k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 5 employees.