University of Tennessee Research Foundation

Analysis

University of Tennessee Research Foundation is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in June 1958, 68 years ago. 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, University of Tennessee Research Foundation reported income of $10.2m and spending of $7.7m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.1m to $10.2m (+98%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 57%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University of Tennessee Research Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TN. Charities of a similar size with the same main cause include Mastery Charter School John Wister Campus ($10.2m), Golden Triangle Planning & Development District Inc ($10.2m) and Don Bosco Technical Institute ($10.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 78% of the total. Other salaries and wages came to $833k. At year end it held assets of $94.3m against liabilities of $10.3m, net assets of $84.0m.