Waterbury Arc Inc

Analysis

Waterbury Arc Inc is a registered charity in United States, based in Waterbury, CT. It received its IRS tax-exemption ruling in October 1955, 71 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Waterbury Arc Inc reported income of $5.7m and spending of $5.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.7m to $5.7m (+21%), an average of +4.8% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Waterbury Arc Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within CT. Charities of a similar size with the same main cause include Hospice of the Valleys SC ($5.7m), St John of God Community Services ($5.7m) and Rescue Mission of Middle Georgia Inc ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 9.3% of the total. Compensation of current officers, directors and key employees was $165k (2.9% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $3.5m against liabilities of $855k, net assets of $2.6m. It reported 184 employees.