Nonprofit Financial Statements and 990
Edgar Cayce’s A.R.E. (Association for Research and Enlightenment, Inc.) is a non-profit, tax-exempt 501 (c)(3) corporation funded primarily by the generosity of our members. Through a variety of education, outreach and service programs, the focus of the organization is to help individuals change their lives for the better – physically, mentally and spiritually.
We strive to use our funds as efficiently as possible, illustrated by the fact that 86.5% of our operating expenses went directly to program services while 5.9% went to support services and 7.6% to fundraising.
In terms of how our members have helped the organization financially, the 2015 results include:
- Approximately 4,000 members donate to us each year
- 500 Golden Circle members donate $1,000 or more each year
- Over 350 people are in our Good Karma Club (donating $20 or more each month)
- Almost 350 people have included us in their wills and estate plans, becoming members of the Edgar Cayce Legacy Society
Fees and Tuition: $3,172,024
Other Income: $350,377
Total Revenues $10,255,862
Program Services: $7,645,822
Support Services: $524,316
Total Expenditures: $8,839,283
*Independently audited financials.
Note: Sales are net of cost of goods rather than gross sales.