Arc of Atlantic County Inc

Analysis

Arc of Atlantic County Inc is a registered charity in United States, based in Egg HBR TWP, NJ. It received its IRS tax-exemption ruling in May 1984, 42 years ago. 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 June 2023, Arc of Atlantic County Inc reported income of $17.5m and spending of $18.4m, spending 105% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $16.1m to $17.5m (+9.0%), an average of +2.9% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc of Atlantic County Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Community Medical Welness Centers USA ($17.5m), Young Mens Christian Association Joliet ($17.5m) and National Association of College and ($17.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $427k (2.3% of expenses). Other salaries and wages came to $11.5m. At year end it held assets of $15.3m against liabilities of $2.7m, net assets of $12.6m. It reported 354 employees.