The Arc of Greater Haverhill- Newburyport Inc

Analysis

The Arc of Greater Haverhill- Newburyport Inc is a registered charity in United States, based in Haverhill, MA. It received its IRS tax-exemption ruling in April 2003, 23 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 Greater Haverhill- Newburyport Inc reported income of $6.4m and spending of $6.2m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.3m to $6.4m (+22%), an average of +6.9% a year. 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, The Arc of Greater Haverhill- Newburyport Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Community Child Care Center of Delray Beach Inc ($6.4m), Second Alarmers Assn & Rescue Squad of Montgomery County Inc ($6.4m) and Utility Reform Network ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $172k (2.8% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $1.8m against liabilities of $537k, net assets of $1.2m. It reported 139 employees.