St James Arc

Analysis

St James Arc is a registered charity in United States, based in Vacherie, LA. It received its IRS tax-exemption ruling in April 1971, 55 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 December 2023, St James Arc reported income of $1.5m and spending of $293k, leaving 80% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $552k to $1.5m (+171%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 343%. Over the whole period it spent 47% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St James Arc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within LA. Charities of a similar size with the same main cause include The Kentland Volunteer Fire Department of Kentland MD Incorpor ($1.5m), Esperanza Ministries ($1.5m) and Burlington Day Care Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $9,600 (3.3% of expenses). Other salaries and wages came to $6,000. At year end it held assets of $2.3m against liabilities of $189k, net assets of $2.1m. It reported 6 employees.