Archcare

Analysis

Archcare is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 December 2023, Archcare reported income of $112.3m and spending of $93.4m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $111.3m to $112.3m (+0.9%), an average of +0.2% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Archcare sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include North County Health Project Inc ($112.2m), Concordia University St Paul ($112.8m) and Bay Area Community Health ($112.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $3.5m (3.7% of expenses). Other salaries and wages came to $9.8m. At year end it held assets of $61.7m against liabilities of $56.8m, net assets of $4.9m. It reported 252 employees.