Philanthropy & Grantmaking
(T310)
IRS Verified
DX Registered
990 on File
EAST TENNESSEE FOUNDATION
Financial strength (30%)
78/100
Reliability (20%)
55/100
Effectiveness (25%)
85/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
The Pat Summitt Foundation is fighting Alzheimer’s disease with a comprehensive approach, awarding grants to organizations that provide: Research to treat, prevent, cure, and ultimately eradicate this disease, Education and awareness of Alzheimer's, its onset and treatment, Support services to patients, their families and caregiver
Financial Overview — FY 2024
$27.7M
Total Revenue
$19.1M
Total Expenses
$278.9M
Net Assets
25
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
90.9%
Fundraising Efficiency
410.3%
Operating Reserve
174.80x
Liability-to-Asset
1.3%
Revenue Diversification
50.9%
Executive Compensation
$637K
Compared with Peers
FY 2024
Compared with 923 similar organizations
(United States, Philanthropy & Grantmaking, $10M–$100M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
90.9% | 91.7% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
5.2% | 6.2% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
3.9% | 2.2% |
P10P90
|
Below median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
410.3% | 925.3% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
174.8 mo | 70.2 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
1.3% | 2.5% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
50.9% | 88.2% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
39.7% | 17.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-25.3% | 10.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
30.8% | 6.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $27.7M | $19.1M | $278.9M | 90.9% | 25 |
| 2023 | $19.8M | $25.6M | $252.0M | 93.5% | 24 |
| 2022 | $25.9M | $23.0M | $235.4M | 92.6% | 29 |
| 2021 | $23.1M | $23.3M | N/A | — | 22 |
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