Tate House Museum

Analysis

Tate House Museum is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in December 2004, 22 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 December 2023, Tate House Museum reported income of $124k and spending of $125k, spending 101% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $169k to $124k (-27%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 73% 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 House Museum sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 36th percentile within ME. Charities of a similar size with the same main cause include Des Moines Area Quilters Guild Inc ($124k), Legacy Preservation Enterprise ($124k) and Seaside Highland Games ($124k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 14% of the total. At year end it held assets of $340k against liabilities of $4,266, net assets of $335k.