The Erie Arc Development Corporation Inc

Analysis

The Erie Arc Development Corporation Inc is a registered charity in United States, based in Williamsville, NY. It received its IRS tax-exemption ruling in March 1986, 40 years ago. 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, The Erie Arc Development Corporation Inc reported income of $94k and spending of $90k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $90k to $94k (+4.9%), an average of +4.9% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Erie Arc Development Corporation Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Boys Club of Fullerton Endowment Fund ($94k), Southern York County Pantry ($94k) and Brevard Symphony Youth Orchestra Association Inc ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $410k against liabilities of $209k, net assets of $201k.