Arouet Foundation

Analysis

Arouet Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in December 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Arouet Foundation reported income of $982k and spending of $938k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $572k to $982k (+72%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 99%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Arouet Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within AZ. Charities of a similar size with the same main cause include LA Conner Sunrise Food Bank ($982k), Susquehanna County Interfaith ($983k) and Bethany Lutheran Open Arms Child Development Center Inc ($982k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.7% of the total. Compensation of current officers, directors and key employees was $144k (15% of expenses). Other salaries and wages came to $12k. It paid $28k in professional fundraising fees. At year end it held assets of $711k against liabilities of $108k, net assets of $603k. It reported 9 employees.