The Arc of Cape May County Inc

Analysis

The Arc of Cape May County Inc is a registered charity in United States, based in Cape May CH, NJ. It received its IRS tax-exemption ruling in October 2018, 8 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, The Arc of Cape May County Inc reported income of $9.9m and spending of $10.2m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.5m to $9.9m (-6.3%), an average of -1.6% a year. The sharpest change came in the year to June 2022, when income dropped by 23%. 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, The Arc of Cape May County Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include G M N Tri-County Community Action Committee Inc ($9.9m), West Tenn Regional Blood Center Inc ($9.9m) and Southern Dominion Health System Inc ($9.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.2% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $235k (2.3% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $12.4m against liabilities of $3.9m, net assets of $8.5m. It reported 307 employees.