Arc Xvi Fort Washington Inc

Analysis

Arc Xvi Fort Washington Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1974, 52 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, Arc Xvi Fort Washington Inc reported income of $4.0m and spending of $3.8m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $4.0m (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc Xvi Fort Washington Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Love Has No Limits Inc ($4.0m), Big Brothers Big Sisters of the Midlands ($4.0m) and Illinois Arts Alliance ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 1.1% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $1.9m against liabilities of $1.2m, net assets of $691k. It reported 35 employees.