Yates Fund

Analysis

Yates Fund is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Yates Fund reported income of $1.4m and spending of $657k, leaving 52% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $3.0m to $1.4m (-55%), an average of -33% a year. The sharpest change came in the year to December 2023, when income dropped by 60%. Over the whole period it spent 10% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Yates Fund sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within NE. Charities of a similar size with the same main cause include LA Plata Economic Development Alliance ($1.4m), River Cities Harvest Inc ($1.4m) and Community Action Program Legal Services Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $76k (12% of expenses). At year end it held assets of $7.1m against liabilities of $162k, net assets of $7.0m.