Arc Northern Chesapeake Region Foundation Inc

Analysis

Arc Northern Chesapeake Region Foundation Inc is a registered charity in United States, based in Aberdeen, MD. It received its IRS tax-exemption ruling in October 2003, 23 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 June 2023, Arc Northern Chesapeake Region Foundation Inc reported income of $475k and spending of $188k, leaving 60% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $213k to $475k (+123%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 1654%. Over the whole period it spent 36% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Arc Northern Chesapeake Region Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MD. Charities of a similar size with the same main cause include Atlantic Golf Club Educational Fund Inc ($475k), Fikes Foundation ($475k) and United Way of Freeborn County Inc ($475k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% of the total. At year end it held assets of $6.8m against liabilities of $0, net assets of $6.8m.