The Foundation for the College System of Tennessee

Analysis

The Foundation for the College System of Tennessee is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Foundation for the College System of Tennessee reported income of $1.3m and spending of $800k, leaving 40% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $291k to $1.3m (+361%), an average of +66% a year. The sharpest change came in the year to June 2022, when income rose by 116%. Over the whole period it spent 48% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Foundation for the College System of Tennessee sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within TN. Charities of a similar size with the same main cause include Rochester University ($1.3m), Fern-Waters Public Charter School Incorporated ($1.3m) and Great Neck Community School ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.8m against liabilities of $0, net assets of $2.8m.