Midstate Arc Inc

Analysis

Midstate Arc Inc is a registered charity in United States, based in Meriden, CT. It received its IRS tax-exemption ruling in November 1958, 68 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Midstate Arc Inc reported income of $16.7m and spending of $16.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.7m to $16.7m (+31%), an average of +7.0% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Midstate Arc Inc 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 CT. Charities of a similar size with the same main cause include Princeton Homecare Services LLC ($16.7m), The Sequoyah Educational Center ($16.7m) and Habitat for Humanity International Inc ($16.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.6% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $460k (2.7% of expenses). Other salaries and wages came to $9.3m. At year end it held assets of $8.2m against liabilities of $5.9m, net assets of $2.3m. It reported 260 employees.