Ares Charitable Foundation

Analysis

Ares Charitable Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, Ares Charitable Foundation reported income of $10.7m and spending of $13.6m, spending 127% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $3.4m to $10.7m (+212%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 119%. Over the whole period it spent 109% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ares Charitable Foundation 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 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Impact Through Golf Foundation ($10.7m), Tomchai Torah Beretz Yisrael Inc ($10.7m) and The Red Sox Foundation Inc ($10.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3.3m against liabilities of $5.5m, net assets of -$2.2m.