Ceres Inc

Analysis

Ceres Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in November 1990, 36 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Ceres Inc reported income of $43.5m and spending of $41.6m, spending 96% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $20.9m to $43.5m (+108%), an average of +20% a year. The sharpest change came in the year to October 2021, when income rose by 81%. Over the whole period it spent 88% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Ceres Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Global Greengrants Fund Inc ($42.6m), Grid Alternatives ($43.8m) and Buffalo Bayou Partnership ($42.6m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $2.4m (5.7% of expenses). Other salaries and wages came to $19.1m. At year end it held assets of $43.3m against liabilities of $6.5m, net assets of $36.8m. It reported 274 employees.