Arc of Central Virginia

Analysis

Arc of Central Virginia is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in June 1978, 48 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 Central Virginia reported income of $2.4m and spending of $1.9m, leaving 21% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.9m to $2.4m (+25%), an average of +7.8% a year. The sharpest change came in the year to June 2022, when income rose by 118%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc of Central Virginia sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within VA. Charities of a similar size with the same main cause include Epilepsy Foundation of Greater Chicago ($2.4m), The Washington County School District Foundation ($2.4m) and Worthington Youth Boosters Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $2.2m against liabilities of $14k, net assets of $2.1m. It reported 53 employees.