Tennessee Equality Project Foundation
Tennessee Equality Project Foundation shows strong revenue growth and asset accumulation with no reported officer compensation.
EIN: 203518536 · Nashville, TN · NTEE: R26 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $396K |
| Total Expenses | $266K |
| Program Spending | 80% |
| Net Assets | $305K |
| Transparency Score | 85/100 |
Is Tennessee Equality Project Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tennessee Equality Project Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tennessee Equality Project Foundation
Tennessee Equality Project Foundation (EIN: 203518536) is a nonprofit organization based in Nashville, TN, classified under NTEE code R26. The organization reported total revenue of $396K and total assets of $353K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tennessee Equality Project Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tennessee Equality Project Foundation is a small nonprofit that has been operating for 21 years, with 11 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 39.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $331K |
| Total Expenses | $266K |
| Surplus / Deficit | +$66K |
| Total Assets | $305K |
| Total Liabilities | $380 |
| Net Assets | $305K |
| Operating Margin | 19.8% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 13.8 months |
Financial Health Grade: A
In 2023, Tennessee Equality Project Foundation reported a surplus of $66K with revenue exceeding expenses, holds 13.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 11 years of filings (2010–2023), Tennessee Equality Project Foundation's revenue has grown at a compound annual growth rate (CAGR) of 39.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +33.9% | +74.0% | +27.5% |
| 2022 | +228.2% | +38.8% | +64.1% |
| 2021 | +6.5% | -2.5% | -19.8% |
| 2020 | -79.8% | -29.7% | -18.7% |
| 2019 | +218.1% | +42.7% | +572.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Tennessee Equality Project Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Tennessee Equality Project Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $66K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led executive structure, which significantly reduces administrative overhead and maximizes funds available for programs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Tennessee Equality Project Foundation:
- Significant revenue growth from $75,426 in 202112 to $331,295 in 202312.
- Consistent 0% officer compensation across all filings, indicating efficient use of funds.
- Healthy asset growth from $23,768 in 201512 to $305,148 in 202312.
- Low liabilities relative to assets and revenue, demonstrating strong financial stability.
- Consistent IRS 990 filing history over 11 periods, showing commitment to transparency.
Frequently Asked Questions about Tennessee Equality Project Foundation
Is Tennessee Equality Project Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Tennessee Equality Project Foundation (EIN: 203518536) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Tennessee Equality Project Foundation spend its money?
Tennessee Equality Project Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Tennessee Equality Project Foundation tax-deductible?
Tennessee Equality Project Foundation is registered as a tax-exempt nonprofit (EIN: 203518536). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Tennessee Equality Project Foundation's spending goes to programs?
Tennessee Equality Project Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Tennessee Equality Project Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Tennessee Equality Project Foundation is above average for NTEE category R26 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Tennessee Equality Project Foundation located?
Tennessee Equality Project Foundation is headquartered in Nashville, Tennessee and files with the IRS under EIN 203518536. It is classified under NTEE code R26.
How many years of IRS 990 filings does Tennessee Equality Project Foundation have?
Tennessee Equality Project Foundation has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $396K in total revenue.
What is the specific breakdown of program, administrative, and fundraising expenses for the latest fiscal year?
While the provided data does not detail the specific breakdown, the overall financial health and lack of officer compensation suggest a strong program focus. Further analysis of the full 990 form would be needed for precise percentages.
How does the organization manage its liabilities, which were $380 in 202312?
The liabilities of $380 in 202312 are very low relative to assets of $305,148 and revenue of $331,295, indicating excellent financial stability and minimal debt burden.
What caused the significant increase in revenue from $75,426 in 202112 to $331,295 in 202312?
The data suggests a period of substantial growth, likely due to successful fundraising campaigns, increased donor support, or expanded grant opportunities. This growth is a positive indicator of the organization's increasing impact and reach.
Filing History
IRS 990 filing history for Tennessee Equality Project Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), Tennessee Equality Project Foundation's revenue has grown by 7540.6%, moving from $4K to $331K. Total assets increased by 954% over the same period, from $29K to $305K. Total functional expenses rose by 1836.7%, from $14K to $266K. In its most recent filing year (2023), Tennessee Equality Project Foundation reported a surplus of $66K, with revenue exceeding expenses. The organization holds $380 in liabilities against $305K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $305K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $331K | $266K | $305K | $380 | — | View 990 |
| 2022 | $248K | $153K | $239K | $190 | — | View 990 |
| 2021 | $75K | $110K | $146K | $2K | — | View 990 |
| 2020 | $71K | $113K | $182K | $3K | — | View 990 |
| 2019 | $350K | $160K | $223K | $3K | — | View 990 |
| 2018 | $110K | $112K | $33K | $2K | — | View 990 |
| 2017 | $92K | $87K | $35K | $2K | — | — |
| 2016 | $88K | $81K | $30K | $2K | — | View 990 |
| 2015 | $51K | $68K | $24K | $2K | — | View 990 |
| 2014 | $59K | $52K | $45K | $5K | — | View 990 |
| 2010 | $4K | $14K | $29K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $331K, expenses of $266K, and assets of $305K (revenue +33.9% year-over-year).
- 2022: Revenue of $248K, expenses of $153K, and assets of $239K (revenue +228.2% year-over-year).
- 2021: Revenue of $75K, expenses of $110K, and assets of $146K (revenue +6.5% year-over-year).
- 2020: Revenue of $71K, expenses of $113K, and assets of $182K (revenue -79.8% year-over-year).
- 2019: Revenue of $350K, expenses of $160K, and assets of $223K (revenue +218.1% year-over-year).
- 2018: Revenue of $110K, expenses of $112K, and assets of $33K (revenue +19.9% year-over-year).
- 2017: Revenue of $92K, expenses of $87K, and assets of $35K (revenue +4.7% year-over-year).
- 2016: Revenue of $88K, expenses of $81K, and assets of $30K (revenue +72.9% year-over-year).
- 2015: Revenue of $51K, expenses of $68K, and assets of $24K (revenue -13.4% year-over-year).
- 2014: Revenue of $59K, expenses of $52K, and assets of $45K (revenue +1252.5% year-over-year).
- 2010: Revenue of $4K, expenses of $14K, and assets of $29K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tennessee Equality Project Foundation:
Data Sources and Methodology
This transparency report for Tennessee Equality Project Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.