Cocke County Education Foundation

Analysis

Cocke County Education Foundation is a registered charity in United States, based in Newport, TN. It received its IRS tax-exemption ruling in August 1999, 27 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 December 2023, Cocke County Education Foundation reported income of $93k and spending of $128k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $146k to $93k (-36%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 48%. Over the whole period it spent 127% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cocke County Education Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within TN. Charities of a similar size with the same main cause include Pope Highschool Volleyball Booster Club Inc ($93k), McCook Library Foundation ($93k) and Goodwill Airport Freeway Inc ($93k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $946k against liabilities of $0, net assets of $946k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.