Ceres Inc: $43.5M Revenue, $32.5M Program Expenses
Boston, Massachusetts · EIN 223053747 · Filing year 2023
Ceres Inc reported $43.5M in total revenue, $41.6M in total expenses, and $43.3M in total assets on its 2023 IRS Form 990. 78.0% of expenses ($32.5M) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: B (79/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.
Key Facts (2023 Form 990)
- Total Revenue
- $43.5M
- Total Expenses
- $41.6M
- Program Expenses
- $32.5M
- Program Expense Ratio
- 78.0%
- Total Assets
- $43.3M
- Reserve Months
- 12.5 months
- EIN
- 223053747
- Latest 990 Year
- 2023
- Top Officer Compensation
- Not reported
Ceres Inc grades a B on the nonprofit efficiency rubric. 79/100 on the composite — above the national median, with strong performance on some factors balanced by middling performance on others.
At $43.5M in 2023 revenue, Ceres Inc sits in the mid-range of the U.S. nonprofit distribution. Most organizations of this scale operate regionally or focus on a single program area. Ceres Inc directs 80% of its expenses to programs — above the third-party-rater threshold for an efficient organization.
Revenue has grown meaningfully across the five-year filing history — a sign of expanding donor base, new grants, or scaling programs. Ceres Inc reported $43.5M in 2023, up notably from the start of the window. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. Ceres Inc works in Environment & Animals — environmental, conservation, animal-welfare, and natural-resources programs. The sector spans large international conservation groups and small local land trusts; the financial profile varies accordingly.
How Ceres Inc Compares
Ceres Inc directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 79/100 is 6 points above the Environment & Animals category average. The organization holds 12.5 months of operating reserves, indicating strong financial stability.
Where Your Donation Goes
Based on IRS tax-exempt organization data, for every dollar donated to Ceres Inc, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.
Revenue History
Ceres Inc has an Efficiency Score of B (79/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
Ceres Inc, Donor FAQ
Ceres Inc has an Efficiency Score of B (79/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
CEO/officer compensation for Ceres Inc is not reported in the most recent IRS 990 filing on file.
Ceres Inc reported $43.5M in annual revenue and $41.6M in total expenses for filing year 2023. The organization holds $43.3M in total assets.
For every dollar donated to Ceres Inc, approximately 78.0 cents goes to program activities. The organization has 12.5 months of operating reserves, providing financial stability to sustain its mission.
Ceres Inc is a registered 501(c) organization with EIN 223053747, based in Boston, Massachusetts. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
Similar Environment & Animals Nonprofits
Financial data is sourced from IRS 990 filings via ProPublica Nonprofit Explorer. Efficiency Scores combine program spending ratio (50%), revenue growth (20%), reserve months (20%), and CEO compensation ratio (10%). Filing data may lag 6-18 months from the tax year.