Bearden Middle School Foundation Inc

Analysis

Bearden Middle School Foundation Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in September 2018, 8 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, Bearden Middle School Foundation Inc reported income of $55k and spending of $64k, spending 118% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $82k to $55k (-33%), an average of -33% a year. The sharpest change came in the year to June 2023, when income dropped by 33%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bearden Middle School Foundation Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within TN. Charities of a similar size with the same main cause include Bud Beasley Elementary PTO ($55k), Bill Goodling Teacher Scholarship Fund ($55k) and Riverside Public Library Assoc ($55k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 109% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.