Arc of Washington-Holmes Counties Inc

Analysis

Arc of Washington-Holmes Counties Inc is a registered charity in United States, based in Chipley, FL. It received its IRS tax-exemption ruling in January 1976, 50 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 Washington-Holmes Counties Inc reported income of $4.6m and spending of $3.6m, leaving 21% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.5m to $4.6m (+82%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 65%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc of Washington-Holmes Counties Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Buffalo Collegiate Charter School ($4.6m), Women in Military Service for America Memorial Foundation Inc ($4.6m) and Deep Springs Corporation ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 58% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $2.2m against liabilities of $33k, net assets of $2.2m. It reported 248 employees.