Quick charity verification for Tate Americas Foundation (EIN: 133453405)
Verdict: Tate Americas Foundation appears trustworthy
90/100Mission Score
$44.4MRevenue
$146.0MAssets
2Red Flags
4Strengths
Red Flags
Unusually low reported expenses relative to revenue in some periods, which might warrant further investigation into the nature of these expenses and revenue streams.
Consistent 0% officer compensation for an organization with over $100 million in assets is highly unusual and could indicate that compensation is being reported in other categories or that key leadership roles are entirely volunteer-based, which is rare for an organization of this scale.
Strengths
Strong and consistent asset growth, from $63.29 million in 2015 to $119.29 million in 2024.
Consistent reporting of 0% officer compensation, indicating a strong commitment to directing funds towards the mission.
Significant revenue generation, with the latest reported revenue at $44.36 million.
Positive net income in most years, contributing to robust financial reserves.
AI Transparency Report
The Tate Americas Foundation demonstrates strong financial health, with its assets growing significantly from $63.29 million in 2015 to $119.29 million in 2024. The organization consistently reports substantial revenue, with the latest available figure at $44.36 million. Its spending efficiency appears robust, particularly in the most recent filing period (202403) where expenses were $3.60 million against $17.55 million in revenue, indicating a significant surplus. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the consistent growth in assets and the low expense-to-revenue ratio in recent years suggest effective management of resources. The consistent reporting of 0% officer compensation across all available filings is a notable indicator of transparency and a commitment to directing funds towards the organization's mission rather than executive salaries.