Arc Apartments Inc

Analysis

Arc Apartments Inc is a registered charity in United States, based in Kingston, NY. It received its IRS tax-exemption ruling in April 1986, 40 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 December 2023, Arc Apartments Inc reported income of $89k and spending of $88k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $80k to $89k (+11%), an average of +2.6% a year. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Arc Apartments Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within NY. Charities of a similar size with the same main cause include Childers Manor Inc ($89k), Robins Terrace Inc ($89k) and 35 Catherine Street Inc ($89k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $365k against liabilities of $11k, net assets of $354k. It reported 2 employees.