Arete Scholars Fund Inc

Analysis

Arete Scholars Fund Inc is a registered charity in United States, based in Dacula, GA. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Arete Scholars Fund Inc reported income of $6.2m and spending of $5.5m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.2m to $6.2m (+46%), an average of +9.8% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arete Scholars Fund Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within GA. Charities of a similar size with the same main cause include The San Jose Public Library Foundation ($6.2m), Arlington Baptist University ($6.2m) and Adriel School Inc ($6.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $144k (2.6% of expenses). Other salaries and wages came to $118k. At year end it held assets of $10.3m against liabilities of $8,183, net assets of $10.3m. It reported 4 employees.