Arc Rutland Area Inc

Analysis

Arc Rutland Area Inc is a registered charity in United States, based in Rutland, VT. It received its IRS tax-exemption ruling in December 1958, 68 years ago. 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, Arc Rutland Area Inc reported income of $116k and spending of $117k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $93k to $116k (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2020, when income rose by 25%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc Rutland Area Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 31st percentile within VT. Charities of a similar size with the same main cause include Future Farmers of America State Associations & Local Chapter ($116k), Aurora Players Inc Hamlin Park ($116k) and Glenn County Seniors Centers ($116k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Other salaries and wages came to $76k. At year end it held assets of $143k against liabilities of $3,574, net assets of $140k. It reported 4 employees.