Leona Tate Foundation for Change Inc

Analysis

Leona Tate Foundation for Change Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in August 2009, 17 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, Leona Tate Foundation for Change Inc reported income of $319k and spending of $624k, spending 196% of what it took in. Across the 4 years on record, from March 2021 to December 2023, income fell from $1.6m to $319k (-81%), an average of -42% a year. The sharpest change came in the year to December 2022, when income rose by 90%. Over the whole period it spent 43% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Leona Tate Foundation for Change Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within LA. Charities of a similar size with the same main cause include Vashon Community Scholarship Foundation ($319k), Doresh ($319k) and Wayne Township Education Foundation Inc ($319k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. Compensation of current officers, directors and key employees was $70k (11% of expenses). Other salaries and wages came to $86k. At year end it held assets of $4.1m against liabilities of $2.4m, net assets of $1.6m. It reported 3 employees.