Ari J Arteaga Foundation Inc

Analysis

Ari J Arteaga Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in October 2018, 8 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 2022, Ari J Arteaga Foundation Inc reported income of $259k and spending of $279k, spending 108% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income grew from $144k to $259k (+80%), an average of +16% a year. The sharpest change came in the year to December 2019, when income rose by 148%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ari J Arteaga Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include Healing Place-A Center for Loss and Change Inc ($259k), Slidell Adult Day Care Inc ($259k) and Arts in Action Inc ($259k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $96k (34% of expenses). At year end it held assets of $266k against liabilities of $1,415, net assets of $265k.