Tate Americas Foundation
Tate Americas Foundation shows strong asset growth and zero reported officer compensation over a decade.
EIN: 133453405 · New York, NY · NTEE: A115 · Updated: 2026-03-28
Is Tate Americas Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tate Americas Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tate Americas Foundation
Tate Americas Foundation (EIN: 133453405) is a nonprofit organization based in New York, NY, classified under NTEE code A115. The organization reported total revenue of $44.4M and total assets of $146.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tate Americas Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tate Americas Foundation is a large nonprofit that has been operating for 38 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 13.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $17.5M |
| Total Expenses | $3.6M |
| Surplus / Deficit | +$13.9M |
| Total Assets | $119.3M |
| Total Liabilities | $38K |
| Net Assets | $119.3M |
| Operating Margin | 79.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 397.4 months |
Financial Health Grade: A
In 2024, Tate Americas Foundation reported a surplus of $13.9M with revenue exceeding expenses, holds 397.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Tate Americas Foundation's revenue has grown at a compound annual growth rate (CAGR) of 13.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +34.6% | -63.9% | +15.2% |
| 2023 | +49.3% | +29.0% | +2.0% |
| 2022 | -61.1% | -43.9% | +0.9% |
| 2021 | +47.5% | +23.5% | +16.7% |
| 2020 | +63.2% | +33.5% | +2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Tate Americas Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Tate Americas Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $13.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, which is highly unusual for an organization of this size with assets exceeding $100 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Tate Americas Foundation's IRS 990 filings:
- 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
The following positive indicators were identified for Tate Americas Foundation:
- 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.
Frequently Asked Questions about Tate Americas Foundation
Is Tate Americas Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Tate Americas Foundation (EIN: 133453405) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does Tate Americas Foundation spend its money?
Tate Americas Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Tate Americas Foundation tax-deductible?
Tate Americas Foundation is registered as a tax-exempt nonprofit (EIN: 133453405). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Tate Americas Foundation a good charity?
Based on the provided data, the Tate Americas Foundation appears to be a very good charity. It demonstrates strong financial health, significant asset growth, and a remarkable commitment to transparency by reporting 0% officer compensation across all filings.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved, with assets growing from $63.29 million in 2015 to $119.29 million in 2024, and revenue consistently in the tens of millions annually, indicating sustained growth and stability.
What is the trend in expenses relative to revenue?
Expenses have generally been lower than revenue, leading to asset growth. Notably, in the 202403 period, expenses were $3.60 million against $17.55 million in revenue, indicating a very low expense ratio for that period.
Filing History
IRS 990 filing history for Tate Americas Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Tate Americas Foundation's revenue has grown by 399.1%, moving from $3.5M to $17.5M. Total assets increased by 96.4% over the same period, from $60.7M to $119.3M. Total functional expenses rose by 318.9%, from $860K to $3.6M. In its most recent filing year (2024), Tate Americas Foundation reported a surplus of $13.9M, with revenue exceeding expenses. The organization holds $38K in liabilities against $119.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $119.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $17.5M | $3.6M | $119.3M | $38K | — | View 990 |
| 2023 | $13.0M | $10.0M | $103.6M | $62K | — | — |
| 2022 | $8.7M | $7.7M | $101.5M | $78K | — | View 990 |
| 2021 | $22.5M | $13.8M | $100.6M | $177K | — | — |
| 2020 | $15.2M | $11.2M | $86.2M | $118K | — | View 990 |
| 2019 | $9.3M | $8.4M | $84.1M | $62K | — | View 990 |
| 2018 | $15.0M | $11.1M | $82.9M | $143K | — | View 990 |
| 2017 | $16.9M | $17.4M | $67.1M | $15K | — | View 990 |
| 2016 | $21.0M | $16.8M | $68.1M | $558K | — | View 990 |
| 2015 | $19.1M | $18.8M | $63.3M | $0 | — | View 990 |
| 2014 | $19.9M | $28.1M | $63.0M | $0 | — | View 990 |
| 2013 | $12.6M | $4.6M | $71.5M | $420K | — | View 990 |
| 2012 | $4.0M | $1.5M | $63.2M | $0 | — | View 990 |
| 2011 | $3.5M | $860K | $60.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $17.5M, expenses of $3.6M, and assets of $119.3M (revenue +34.6% year-over-year).
- 2023: Revenue of $13.0M, expenses of $10.0M, and assets of $103.6M (revenue +49.3% year-over-year).
- 2022: Revenue of $8.7M, expenses of $7.7M, and assets of $101.5M (revenue -61.1% year-over-year).
- 2021: Revenue of $22.5M, expenses of $13.8M, and assets of $100.6M (revenue +47.5% year-over-year).
- 2020: Revenue of $15.2M, expenses of $11.2M, and assets of $86.2M (revenue +63.2% year-over-year).
- 2019: Revenue of $9.3M, expenses of $8.4M, and assets of $84.1M (revenue -37.7% year-over-year).
- 2018: Revenue of $15.0M, expenses of $11.1M, and assets of $82.9M (revenue -11.5% year-over-year).
- 2017: Revenue of $16.9M, expenses of $17.4M, and assets of $67.1M (revenue -19.5% year-over-year).
- 2016: Revenue of $21.0M, expenses of $16.8M, and assets of $68.1M (revenue +10.2% year-over-year).
- 2015: Revenue of $19.1M, expenses of $18.8M, and assets of $63.3M (revenue -4.3% year-over-year).
- 2014: Revenue of $19.9M, expenses of $28.1M, and assets of $63.0M (revenue +58.9% year-over-year).
- 2013: Revenue of $12.6M, expenses of $4.6M, and assets of $71.5M (revenue +214.0% year-over-year).
- 2012: Revenue of $4.0M, expenses of $1.5M, and assets of $63.2M (revenue +13.7% year-over-year).
- 2011: Revenue of $3.5M, expenses of $860K, and assets of $60.7M.
Data Sources and Methodology
This transparency report for Tate Americas Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.