Yates Mill Associates Inc

Analysis

Yates Mill Associates Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 1990, 36 years ago. 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, Yates Mill Associates Inc reported income of $68k and spending of $79k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $59k to $68k (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 143% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Yates Mill Associates Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within NC. Charities of a similar size with the same main cause include Em Greenville ($68k), Pro Arte Chorale Inc ($68k) and St Joseph Community Chorus Inc ($68k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 22% of the total. At year end it held assets of $717k against liabilities of $67, net assets of $717k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.