Tennessee Corn Promotion Council Inc

Analysis

Tennessee Corn Promotion Council Inc is a registered charity in United States, based in Dresden, TN. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 June 2024, Tennessee Corn Promotion Council Inc reported income of $354k and spending of $317k, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $166k to $354k (+114%), an average of +21% a year. The sharpest change came in the year to June 2024, when income rose by 49%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tennessee Corn Promotion Council Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within TN. Charities of a similar size with the same main cause include Friends of Dekalb Regional Office of Education ($354k), St Marys Villa at Riverview II Inc ($354k) and Gotta Be Me Inc ($354k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $99k. At year end it held assets of $88k against liabilities of $1,826, net assets of $86k. It reported 1 employees.