The Arc Eastern Connecticut Inc

Analysis

The Arc Eastern Connecticut Inc is a registered charity in United States, based in Norwich, CT. It received its IRS tax-exemption ruling in November 1958, 68 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 Eastern Connecticut Inc reported income of $23.6m and spending of $23.7m, spending 101% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $13.2m to $23.6m (+78%), an average of +21% a year. The sharpest change came in the year to June 2021, when income rose by 66%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Arc Eastern Connecticut Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CT. Charities of a similar size with the same main cause include Catholic Charities of Tennessee Inc ($23.6m), Unc Management Company Inc ($23.6m) and Dare 2 ($23.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $513k (2.2% of expenses). Other salaries and wages came to $14.4m. At year end it held assets of $11.5m against liabilities of $6.0m, net assets of $5.5m. It reported 545 employees.