The Arc of Connecticut Inc

Analysis

The Arc of Connecticut Inc is a registered charity in United States, based in Canton Center, CT. It received its IRS tax-exemption ruling in January 1969, 57 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 Connecticut Inc reported income of $253k and spending of $250k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $228k to $253k (+11%), an average of +2.6% a year. Over the whole period it spent 94% 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 Connecticut Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within CT. Charities of a similar size with the same main cause include Five Stones Global ($252k), West Geauga Athletic Boosters ($253k) and Tree of Life Sanctuary LLC ($252k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. Other salaries and wages came to $124k. At year end it held assets of $295k against liabilities of $27k, net assets of $268k. It reported 2 employees.