Arete Scholars Louisiana Inc

Analysis

Arete Scholars Louisiana Inc is a registered charity in United States, based in Dacula, GA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Arete Scholars Louisiana Inc reported income of $9.2m and spending of $4.4m, leaving 52% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.6m to $9.2m (+64%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 438%. Over the whole period it spent 51% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arete Scholars Louisiana Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within GA. Charities of a similar size with the same main cause include Jewish Community Day School Inc ($9.2m), Institute for the Study of War Inc ($9.2m) and University of Virginia Medical School Foundation ($9.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $320k. At year end it held assets of $15.0m against liabilities of $70k, net assets of $14.9m. It reported 4 employees.