Aresis Ensemble Inc

Analysis

Aresis Ensemble Inc is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in December 1989, 37 years ago. 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 December 2022, Aresis Ensemble Inc reported income of $179k and spending of $191k, spending 107% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $120k to $179k (+49%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 175%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Aresis Ensemble Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Diaspora African Forum Foundation Inc ($179k), American College of Physicians ($179k) and Ashland Housing Development Corporation ($179k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 84% and program service revenue 16% of the total. At year end it held assets of $196k against liabilities of $190k, net assets of $5,782.