Arc of Hudson County

Analysis

Arc of Hudson County is a registered charity in United States, based in Union City, NJ. It received its IRS tax-exemption ruling in December 1951, 75 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, Arc of Hudson County reported income of $715k and spending of $636k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $536k to $715k (+33%), an average of +7.5% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc of Hudson County sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include Northern Kentucky Symphony Inc ($715k), Boise Christian Homes Inc ($715k) and Habitat for Humanity International Inc ($715k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $298k. At year end it held assets of $782k against liabilities of $34k, net assets of $747k. It reported 9 employees.