Tates School of Discovery Foundation

Analysis

Tates School of Discovery Foundation is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Tates School of Discovery Foundation reported income of $214k and spending of $2,026, leaving 99% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $118k to $214k (+80%), an average of +80% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 6.8% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tates School of Discovery Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within TN. Charities of a similar size with the same main cause include Maui Tomorrow Foundation Inc ($213k), Blessing Hands Inc ($214k) and Gardiner Library Association ($213k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $385k against liabilities of $0, net assets of $385k.