Northeast Arc Inc

Analysis

Northeast Arc Inc is a registered charity in United States, based in Danvers, MA. It received its IRS tax-exemption ruling in June 1956, 70 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, Northeast Arc Inc reported income of $73.4m and spending of $70.0m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $279.7m to $73.4m (-74%), an average of -28% a year. The sharpest change came in the year to June 2023, when income dropped by 68%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northeast Arc Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Ludwig Institute for Cancer Research ($72.9m), Oneworld Community Health Centers Inc ($73.9m) and Usvets Housing Corporation ($72.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $1.0m (1.5% of expenses). Other salaries and wages came to $45.5m. At year end it held assets of $47.9m against liabilities of $12.9m, net assets of $34.9m. It reported 1,246 employees.