The Ark Institute Inc

Analysis

The Ark Institute Inc is a registered charity in United States, based in Sanford, FL. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Ark Institute Inc reported income of $419k and spending of $279k, leaving 34% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $190k to $419k (+121%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 112%. Over the whole period it spent 165% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Ark Institute Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include United Sound Inc ($419k), Childrens House Montessori School ($419k) and Wheeler High School Athletic Assco ($419k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Other salaries and wages came to $78k. At year end it held assets of $428k against liabilities of $553k, net assets of -$125k.