The Arc of Opportunity in North Central Massachusetts Inc

Analysis

The Arc of Opportunity in North Central Massachusetts Inc is a registered charity in United States, based in Fitchburg, MA. It received its IRS tax-exemption ruling in May 1953, 73 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 June 2023, The Arc of Opportunity in North Central Massachusetts Inc reported income of $19.1m and spending of $17.1m, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $15.5m to $19.1m (+24%), an average of +7.4% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Arc of Opportunity in North Central Massachusetts Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Jewish Community Center of Baltimore Inc ($19.1m), Nreca International Ltd ($19.1m) and Nysarc Inc ($19.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $570k (3.3% of expenses). Other salaries and wages came to $10.4m. It paid $9,375 in professional fundraising fees. At year end it held assets of $20.5m against liabilities of $5.7m, net assets of $14.8m. It reported 375 employees.