Tears Foundation

Analysis

Tears Foundation is a registered charity in United States, based in Puyallup, WA. It received its IRS tax-exemption ruling in August 2003, 23 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, Tears Foundation reported income of $674k and spending of $905k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $912k to $674k (-26%), an average of -7.3% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tears Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within WA. Charities of a similar size with the same main cause include Community Cooperative Preschool Inc ($674k), Tipi Raisers ($674k) and Oconto County Commission on Aging Inc ($674k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% of the total. Compensation of current officers, directors and key employees was $115k (13% of expenses). Other salaries and wages came to $143k. At year end it held assets of $843k against liabilities of $356k, net assets of $487k. It reported 9 employees.