Tapestry Ministries

Analysis

Tapestry Ministries is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Tapestry Ministries reported income of $189k and spending of $191k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $176k to $189k (+7.7%), an average of +3.8% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tapestry Ministries 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 53rd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include Center for Champions of Pa Inc ($189k), High Plains Childrens Home and Family Services Foundation Inc ($189k) and Shepherds Center of Kansas City Kansas Inc ($189k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1 against liabilities of $1,364, net assets of -$1,363.