The Arc of Blackstone Valley

Analysis

The Arc of Blackstone Valley is a registered charity in United States, based in Pawtucket, RI. It received its IRS tax-exemption ruling in October 1966, 60 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, The Arc of Blackstone Valley reported income of $16.4m and spending of $14.5m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.1m to $16.4m (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2021, when income rose by 15%. Over the whole period it spent 93% 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 Blackstone Valley 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 RI. Charities of a similar size with the same main cause include Robert Treat Academy Charter School Inc ($16.4m), American Community School of Athens Inc ($16.4m) and USA Hockey Foundation ($16.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $528k (3.6% of expenses). Other salaries and wages came to $8.4m. At year end it held assets of $7.8m against liabilities of $2.4m, net assets of $5.4m. It reported 251 employees.