Tate Family Foundation
EIN: 716185232 · Bentonville, AR · NTEE: T22
| Metric | Value |
|---|---|
| Total Revenue | $93K |
| Total Expenses | $22K |
| Net Assets | $220K |
Is Tate Family Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Tate Family Foundation
Tate Family Foundation (EIN: 716185232) is a nonprofit organization based in Bentonville, AR, classified under NTEE code T22. The organization reported total revenue of $93K and total assets of $220K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tate Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tate Family Foundation is a micro nonprofit that has been operating for 25 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 6.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $28K |
| Total Expenses | $22K |
| Surplus / Deficit | +$7K |
| Total Assets | $220K |
| Total Liabilities | $1 |
| Net Assets | $220K |
| Operating Margin | 24.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 122.2 months |
Financial Health Grade: A
In 2024, Tate Family Foundation reported a surplus of $7K with revenue exceeding expenses, holds 122.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2024), Tate Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +98.1% | -12.2% | +3.2% |
| 2023 | -73.1% | +12.0% | -4.9% |
| 2022 | +255.0% | +29.9% | +16.7% |
| 2021 | -9.6% | -4.4% | -1.0% |
| 2020 | +49.0% | +32.0% | -10.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Tate Family Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Tate Family Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $7K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Tate Family Foundation
Is Tate Family Foundation a legitimate charity?
Tate Family Foundation (EIN: 716185232) is a registered tax-exempt nonprofit based in Arkansas. It has 10 years of IRS 990 filings on record. Total revenue: $93K. No red flags identified. Financial health grade: A.
How does Tate Family Foundation spend its money?
Tate Family Foundation reported $93K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Tate Family Foundation tax-deductible?
Tate Family Foundation is registered as a tax-exempt nonprofit (EIN: 716185232). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Tate Family Foundation located?
Tate Family Foundation is headquartered in Bentonville, Arkansas and files with the IRS under EIN 716185232. It is classified under NTEE code T22.
How many years of IRS 990 filings does Tate Family Foundation have?
Tate Family Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $93K in total revenue.
Filing History
IRS 990 filing history for Tate Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Tate Family Foundation's revenue has grown by 114.4%, moving from $13K to $28K. Total assets decreased by 9.6% over the same period, from $243K to $220K. Total functional expenses rose by 1422.5%, from $1K to $22K. In its most recent filing year (2024), Tate Family Foundation reported a surplus of $7K, with revenue exceeding expenses. The organization holds $1 in liabilities against $220K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $220K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $28K | $22K | $220K | $1 | — | — |
| 2023 | $14K | $25K | $213K | $1 | — | View 990 |
| 2022 | $53K | $22K | $224K | $775 | — | — |
| 2021 | $15K | $17K | $192K | $1 | — | — |
| 2020 | $17K | $18K | $194K | $1 | — | View 990 |
| 2016 | $11K | $13K | $218K | $1 | — | View 990 |
| 2015 | $6K | $16K | $220K | $1 | — | View 990 |
| 2014 | $19K | $14K | $230K | $1 | — | View 990 |
| 2013 | $5K | $25K | $224K | $1 | — | View 990 |
| 2012 | $13K | $1K | $243K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $28K, expenses of $22K, and assets of $220K (revenue +98.1% year-over-year).
- 2023: Revenue of $14K, expenses of $25K, and assets of $213K (revenue -73.1% year-over-year).
- 2022: Revenue of $53K, expenses of $22K, and assets of $224K (revenue +255.0% year-over-year).
- 2021: Revenue of $15K, expenses of $17K, and assets of $192K (revenue -9.6% year-over-year).
- 2020: Revenue of $17K, expenses of $18K, and assets of $194K (revenue +49.0% year-over-year).
- 2016: Revenue of $11K, expenses of $13K, and assets of $218K (revenue +84.0% year-over-year).
- 2015: Revenue of $6K, expenses of $16K, and assets of $220K (revenue -68.7% year-over-year).
- 2014: Revenue of $19K, expenses of $14K, and assets of $230K (revenue +268.9% year-over-year).
- 2013: Revenue of $5K, expenses of $25K, and assets of $224K (revenue -60.5% year-over-year).
- 2012: Revenue of $13K, expenses of $1K, and assets of $243K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tate Family Foundation:
Data Sources and Methodology
This transparency report for Tate Family 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.