The Arc of the Farmington Valley Inc

Analysis

The Arc of the Farmington Valley Inc is a registered charity in United States, based in Canton, CT. It received its IRS tax-exemption ruling in December 1959, 67 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, The Arc of the Farmington Valley Inc reported income of $20.8m and spending of $19.7m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.2m to $20.8m (+37%), an average of +8.2% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Arc of the Farmington Valley 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 97th percentile within CT. Charities of a similar size with the same main cause include Pathways Hospice ($20.8m), Foster Adopt Connect Inc ($20.8m) and Northwestern University Settlement ($20.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.2% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $355k (1.8% of expenses). Other salaries and wages came to $11.4m. At year end it held assets of $17.7m against liabilities of $4.7m, net assets of $12.9m. It reported 410 employees.