Tates Place

Analysis

Tates Place is a registered charity in United States, based in Big Spring, TX. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Tates Place reported income of $251k and spending of $173k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $102k to $251k (+146%), an average of +146% a year. The sharpest change came in the year to December 2023, when income rose by 146%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tates Place sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Regina Maternity Services Corporation ($251k), Options for Individuals Inc ($251k) and Mobilepreacher Org Inc ($251k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $12k (6.9% of expenses). Other salaries and wages came to $5,000. At year end it held assets of $165k against liabilities of $0, net assets of $165k.