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Ares Charitable Foundation
Ares Charitable Foundation reported $13.9 million in revenue and $13.3 million in expenses for calendar year 2024. Of every $100 it spent, $93.23 went to program services, $6.77 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 100.0% of the total. Revenue rose 305% between 2020 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $13MFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $14MInvestment income was negative: −$256. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 93.2% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 6.8% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 100.0% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | Not reported | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | Not reported | 1.56% |
| People paid over $100,000 Part VII, line 2 | 0 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -1.4 | 56.6 |
| Independent voting board members Part VI 1a–1b | 4 of 4 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseWe envision a world in which equitable access to knowledge, resources, and opportunities enables people to achieve their full potential. The Ares Charitable Foundation strives to accelerate equality of economic opportunity through grants that provide career preparation and reskilling, encourage entrepreneurship, and support climate-resilient jobs. Our strategic grantmaking helps address critical societal issues to make a measurable, meaningful, and sustained difference. Our partnerships with some of the world's leading nonprofits strive to help close the widening wealth gap a disparity that…
Jobs for the future (jff). This initiative is designed to help individuals prepare for climate-resilient jobs in the united states as well as identify leading training providers, organizations, and best practices to design pathways to those career opportunities. This initiative is on track to facilitate education and training for 25,000 individuals
World resources institute (wri): this initiative is designed to help build the resilience of india's micro, small, and medium enterprises in two states to future-proof their business models within a changing climate. This is a five-year initiative on track to provide education and training to 1,000 individuals in india
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b4 · 4 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14No
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 650
Private foundation grants it received
2 private foundations reported grants to Ares Charitable Foundation totaling $1.2M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Ares Charitable Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Ares Charitable Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Ares Charitable Foundation spent in 2024, $93.23 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- United Way of the Bay AreaSan Francisco, CA · revenue $14M · programs 72.7% · FY2025
- Operation Legacy FoundationAlpharetta, GA · revenue $14M · programs 100.0% · 2024
- Grand Haven Area Community FoundationGrand Haven, MI · revenue $14M · programs 85.7% · 2025
- Peter E Haas Jr Family FundNovato, CA · revenue $14M · programs 97.1% · FY2025
- The Community Foundation of South AlabamaMobile, AL · revenue $14M · programs 90.8% · FY2025
All philanthropy, voluntarism & grantmaking charities · Largest charities in California
Questions people ask
How much of Ares Charitable Foundation's spending goes to programs?
In calendar year 2024, Ares Charitable Foundation reported that 93.2% of its $13.3 million in expenses went to program services, 6.8% to management and general and 0.0% to fundraising (Form 990, Part IX).
Where does Ares Charitable Foundation get its money?
Of $13.9 million in revenue in calendar year 2024, 100.0% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Ares Charitable Foundation a registered charity?
The IRS lists EIN 84-3666714 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513109349303226 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423199349310682 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313199349313406 · read the filing
- 2021: Form 990 for calendar year 2021, object 202202509349300440 · read the filing
- 2020: Form 990 for calendar year 2020, object 202102209349300400 · read the filing
All filings for EIN 84-3666714: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.