Arc Ocean County Chapter

Analysis

Arc Ocean County Chapter is a registered charity in United States, based in Brick, NJ. It received its IRS tax-exemption ruling in December 1951, 75 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Arc Ocean County Chapter reported income of $32.9m and spending of $32.4m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $28.4m to $32.9m (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Arc Ocean County Chapter sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include Washington & Jane Smith Community- Orland Park ($32.8m), Presbyterian Night Shelter of Tarrant County ($32.9m) and Abode Communities ($32.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.6% and program service revenue 91% of the total. Other salaries and wages came to $21.1m. At year end it held assets of $28.4m against liabilities of $3.0m, net assets of $25.4m. It reported 561 employees.