Arete A2e2

Analysis

Arete A2e2 is a registered charity in United States, based in Minnetonka, MN. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Arete A2e2 reported income of $556k and spending of $568k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $982k to $556k (-43%), an average of -13% a year. The sharpest change came in the year to June 2022, when income dropped by 40%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arete A2e2 sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include Lincoln Extended Activities Program ($556k), Ebenezer Community Outreach ($556k) and River Park Nursery School ($556k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.8% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $113k (20% of expenses). Other salaries and wages came to $225k. At year end it held assets of $617k against liabilities of $25k, net assets of $592k. It reported 10 employees.