Yates Foundation

Analysis

Yates Foundation is a registered charity in United States, based in Texarkana, TX. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Yates Foundation reported income of $191k and spending of $292k, spending 153% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income fell from $410k to $191k (-53%), an average of -32% a year. The sharpest change came in the year to December 2021, when income rose by 3095%. Over the whole period it spent 156% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Yates Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include Palos Verdes Junior Womans Club ($191k), Greg & Cathy Griffith Family Foundation ($191k) and The Bay Village Foundation ($191k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 99% of the total. At year end it held assets of $232k against liabilities of $0, net assets of $232k.