Tate Americas Foundation

Analysis

Tate Americas Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1988, 38 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 March 2024, Tate Americas Foundation reported income of $17.5m and spending of $3.6m, leaving 79% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $15.2m to $17.5m (+15%), an average of +3.6% a year. The sharpest change came in the year to March 2022, when income dropped by 61%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tate Americas Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include American Meteorological Society ($17.5m), Global Fund for Children ($17.6m) and Sullenberger Aviation Museum ($17.5m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 82% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $371k (10% of expenses). Other salaries and wages came to $291k. At year end it held assets of $119.3m against liabilities of $38k, net assets of $119.3m. It reported 5 employees.