Athelas Institute Inc

Analysis

Athelas Institute Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in September 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Athelas Institute Inc reported income of $15.2m and spending of $14.9m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $26.3m to $15.2m (-42%), an average of -13% a year. The sharpest change came in the year to June 2020, when income dropped by 51%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Athelas Institute Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MD. Charities of a similar size with the same main cause include Fleming & Barnes ($15.2m), Cadence Care Network ($15.2m) and Jewish Family Service of Dallas Incorporated ($15.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $507k (3.4% of expenses). Other salaries and wages came to $9.0m. At year end it held assets of $22.5m against liabilities of $2.5m, net assets of $20.0m. It reported 352 employees.