The Point Arc of Northern Kentucky Inc

Analysis

The Point Arc of Northern Kentucky Inc is a registered charity in United States, based in Covington, KY. It received its IRS tax-exemption ruling in March 1973, 53 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Point Arc of Northern Kentucky Inc reported income of $1.6m and spending of $723k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $1.6m (-26%), an average of -7.2% a year. The sharpest change came in the year to December 2023, when income rose by 253%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Point Arc of Northern Kentucky Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within KY. Charities of a similar size with the same main cause include Carlisle Day Care Center ($1.6m), Grow It Forward ($1.6m) and Young Mens Christian Association of Forest City Iowa ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 3.3% of the total. Other salaries and wages came to $285k. At year end it held assets of $13.4m against liabilities of $498k, net assets of $12.9m. It reported 10 employees.