Steuben Arc Foundation

Analysis

Steuben Arc Foundation is a registered charity in United States, based in Bath, NY. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Steuben Arc Foundation reported income of $123k and spending of $65k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $253k to $123k (-51%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 55%. Over the whole period it spent 45% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Steuben Arc Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Private Equity Foundation I Inc ($123k), Davis Public Schools Education Foundation ($123k) and S H a W C Housing Development Fund Corporation ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 2.2% of the total. At year end it held assets of $2.0m against liabilities of $69k, net assets of $1.9m.