Arc Massachusetts

Analysis

Arc Massachusetts is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in August 1956, 70 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 June 2023, Arc Massachusetts reported income of $1.7m and spending of $1.5m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.7m (+18%), an average of +4.1% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc Massachusetts sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include Manna Meal Inc ($1.7m), Nami of South Carolina ($1.7m) and Claxton-Hepburn Medical Center Foundation ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $205k (13% of expenses). Other salaries and wages came to $458k. At year end it held assets of $3.9m against liabilities of $209k, net assets of $3.7m. It reported 12 employees.