Tennessee School Boards Association

Analysis

Tennessee School Boards Association is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in January 1984, 42 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tennessee School Boards Association reported income of $3.0m and spending of $2.5m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.0m (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tennessee School Boards Association sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within TN. Charities of a similar size with the same main cause include North East Emergency Distribution ($3.0m), National Kidney Foundation Inc ($3.0m) and Caring for the Homeless of Peekskill Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $543k (22% of expenses). Other salaries and wages came to $438k. At year end it held assets of $6.6m against liabilities of $0, net assets of $6.6m. It reported 12 employees.