Lou Tate Foundation Inc

Analysis

Lou Tate Foundation Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in May 1980, 46 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 June 2024, Lou Tate Foundation Inc reported income of $129k and spending of $113k, spending 87% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $97k to $129k (+33%), an average of +5.9% a year. The sharpest change came in the year to June 2022, when income rose by 60%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lou Tate Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within KY. Charities of a similar size with the same main cause include Well Ministries Inc ($129k), Historical Society of Pomona Valley ($129k) and Little League Baseball Inc ($129k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 60% and program service revenue 31% of the total. Other salaries and wages came to $77k. At year end it held assets of $182k against liabilities of $7,805, net assets of $174k. It reported 6 employees.