The Arc of Litchfield County Inc

Analysis

The Arc of Litchfield County Inc is a registered charity in United States, based in Torrington, CT. It received its IRS tax-exemption ruling in September 1966, 60 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Arc of Litchfield County Inc reported income of $8.1m and spending of $9.7m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.9m to $8.1m (+1.6%), an average of +0.4% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Arc of Litchfield County Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within CT. Charities of a similar size with the same main cause include Change Inc ($8.1m), Latin American Community Center Inc ($8.1m) and Lifewire ($8.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.6% and program service revenue 110% of the total. Compensation of current officers, directors and key employees was $199k (2.1% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $3.6m against liabilities of $3.0m, net assets of $547k. It reported 232 employees.