Tanager Place

Analysis

Tanager Place is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in June 1941, 85 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Tanager Place reported income of $20.2m and spending of $19.2m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.5m to $20.2m (+62%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 31%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tanager Place sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within IA. Charities of a similar size with the same main cause include Washington Health Institute ($20.2m), West Michigan Cancer Center ($20.2m) and Boston Childrens Network Specialty Physicians Inc ($20.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $377k (2.0% of expenses). Other salaries and wages came to $11.4m. At year end it held assets of $41.9m against liabilities of $3.9m, net assets of $38.0m. It reported 428 employees.