M E Tate Royalty Trust is a 501(c)(3) organization based in Casper, Wyoming, registered in 2002, with $263,282 in FY2025 revenue. CharityIndex grades it C+.
Revenue (FY2025)
$263K
▲ 26.9% vs prior year
Expenses (FY2025)
$219K
Net assets
$253K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for M E Tate Royalty Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For M E Tate Royalty Trust: 14 mo reserves · +17% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for M E Tate Royalty Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For M E Tate Royalty Trust: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from $146K (FY2013) to $263K (FY2025) across 13 reported years.
Financial snapshot
Operating margin
16.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$254K
Total liabilities
$1,012
Net assets
$253K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2025 | $263,282▲26.9% | $218,719▲15.0% | $253,233▲32.7% | $254,245▲32.8% | 990PF |
| 2024 | $207,447▲33.1% | $190,256▲5.0% | $190,843▲30.5% | $191,440▲30.9% | 990PF |
| 2023 | $155,903▼0.3% | $181,196▲23.8% | $146,264▼1.7% | $146,264▼2.0% | 990PF |
| 2022 | $156,314▲43.6% | $146,336▲82.0% | $148,792▲28.7% | $149,175▲29.0% | 990PF |
| 2021 | $108,846▲93.6% | $80,419▼23.7% | $115,583▲60.9% | $115,682▲61.0% | 990PF |
| 2020 | $56,236▼45.2% | $105,432▼15.6% | $71,856▼36.4% | $71,856▼36.4% | 990PF |
| 2019 | $102,683▲1.1% | $124,852▲45.9% | $113,004▼5.9% | $113,004▼6.5% | 990PF |
| 2018 | $101,589▲34.7% | $85,574▲4.7% | $120,094▲34.2% | $120,897▲35.1% | 990PF |
| 2017 | $75,402▲16.4% | $81,744▼63.3% | $89,519▲4.4% | $89,519▲4.4% | 990PF |
| 2016 | $64,784▼71.6% | $222,570▼15.3% | $85,722▼63.4% | $85,722▼63.4% | 990PF |
| 2015 | $228,070▲3.0% | $262,726▲48.6% | $234,171▼1.6% | $234,171▼2.2% | 990PF |
| 2014 | $221,434▲51.3% | $176,846▲12.1% | $237,989▲40.7% | $239,376▲41.4% | 990PF |
| 2013 | $146,359 | $157,822▼7.3% | $169,130▲5.8% | $169,321▲5.4% | 990PF |
| 2012 | — | $170,219▼20.7% | $159,838▼10.9% | $160,581▼10.5% | 990PF |
| 2011 | — | $214,545▲76.2% | $179,329▼19.7% | $179,329▼20.5% | 990PF |
| 2010 | — | $121,749 | $223,210 | $225,648 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for M E Tate Royalty Trust (EIN 83-6014364) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.