Miss Tennessee Scholarship Competition Foundation Inc

Analysis

Miss Tennessee Scholarship Competition Foundation Inc is a registered charity in United States, based in Jackson, TN. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Miss Tennessee Scholarship Competition Foundation Inc reported income of $303k and spending of $342k, spending 113% of what it took in. Across the 3 years on record, from October 2021 to October 2023, income fell from $325k to $303k (-6.7%), an average of -3.4% a year. The sharpest change came in the year to October 2022, when income rose by 38%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Miss Tennessee Scholarship Competition Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within TN. Charities of a similar size with the same main cause include Impact 100-Owensboro Inc ($303k), Layman Foundation ($303k) and First Responder Ministry of North Carolina Inc ($303k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. At year end it held assets of $174k against liabilities of $250k, net assets of -$76k.