Arica Institute Inc

Analysis

Arica Institute Inc is a registered charity in United States, based in Kent, CT. It received its IRS tax-exemption ruling in September 1991, 35 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 2024, Arica Institute Inc reported income of $347k and spending of $346k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2024, income fell from $523k to $347k (-34%), an average of -9.8% a year. The sharpest change came in the year to June 2020, when income dropped by 27%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Arica Institute Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within CT. Charities of a similar size with the same main cause include Heaven on Earth for Veterans Inc ($347k), Wilkin County Developmental Activity Center Inc ($347k) and Harbor Dish Inc ($347k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 87% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $110k (32% of expenses). Other salaries and wages came to $37k. At year end it held assets of $384k against liabilities of $34k, net assets of $350k. It reported 3 employees.