Amare

Analysis

Amare is a registered charity in United States, based in Wood River, IL. It received its IRS tax-exemption ruling in February 2016, 10 years ago. 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 March 2024, Amare reported income of $2.0m and spending of $777k, leaving 61% of income unspent that year. Across the 2 years on record, from March 2023 to March 2024, income grew from $286k to $2.0m (+597%), an average of +597% a year. The sharpest change came in the year to March 2024, when income rose by 597%. Over the whole period it spent 45% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Amare sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Hospice of Laramie ($2.0m), James Valley Christian School ($2.0m) and Howard County Youth Program Inc ($2.0m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 60% and program service revenue 38% of the total. Other salaries and wages came to $469k. At year end it held assets of $1.3m against liabilities of $16k, net assets of $1.3m. It reported 6 employees.