Tanager Place Endowment Foundation

Analysis

Tanager Place Endowment Foundation is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in October 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Endowment Foundation reported income of $146k and spending of $1.2m, spending 847% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $857k to $146k (-83%), an average of -36% a year. The sharpest change came in the year to June 2023, when income dropped by 93%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tanager Place Endowment Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within IA. Charities of a similar size with the same main cause include Paye Inc ($146k), Chiachenfan Inc ($146k) and Love and Grace Ministries - Haiti ($146k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% of the total. At year end it held assets of $21.3m against liabilities of $607, net assets of $21.3m.