The University of Tennessee Foundat Ion Inc

Analysis

The University of Tennessee Foundat Ion Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The University of Tennessee Foundat Ion Inc reported income of $211.8m and spending of $159.9m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $173.5m to $211.8m (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The University of Tennessee Foundat Ion Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within TN. Charities of a similar size with the same main cause include Corporation of Haverford College ($211.7m), San Diego State University Foundation ($212.4m) and Trine University Inc ($211.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% of the total. Compensation of current officers, directors and key employees was $6.3m (3.9% of expenses). Other salaries and wages came to $25.0m. It paid $52k in professional fundraising fees. At year end it held assets of $879.2m against liabilities of $67.7m, net assets of $811.5m. It reported 256 employees.