Tapestries of Life Ministries

Analysis

Tapestries of Life Ministries is a registered charity in United States, based in Fabens, TX. It received its IRS tax-exemption ruling in November 1988, 38 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, Tapestries of Life Ministries reported income of $810k and spending of $550k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $449k to $810k (+80%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 279%. Over the whole period it spent 52% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tapestries of Life Ministries sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include St Marys Adult Medical Day Care Inc ($810k), Jerome Little Tigers Preschool & Daycare ($810k) and Small Talk Childrens Advocacy Center ($810k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $53k (9.6% of expenses). At year end it held assets of $5.1m against liabilities of $21k, net assets of $5.1m.