Mary Cooper Teare Foundation

Analysis

Mary Cooper Teare Foundation is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in December 1983, 43 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mary Cooper Teare Foundation reported income of $78k and spending of $78k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $60k to $78k (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mary Cooper Teare Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within TX. Charities of a similar size with the same main cause include North Dakota Scottish Rite Childhood Lngge Dsrder Ctr - Fargo ($78k), Lithuanian Museum of Art Inc ($78k) and Thunderbird Aquatic Club ($78k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.