Athenas Gem Inc

Analysis

Athenas Gem Inc is a registered charity in United States, based in Athena, OR. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Athenas Gem Inc reported income of $132k and spending of $187k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $60k to $132k (+121%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 166%. Over the whole period it spent 127% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Athenas Gem Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within OR. Charities of a similar size with the same main cause include Capitol Historic Trust Inc ($132k), Writer S Block Ink Incorporated ($132k) and Lake Bluff 4th of July Committee ($132k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.