Arc of Centre County Inc

Analysis

Arc of Centre County Inc is a registered charity in United States, based in Boalsburg, PA. It received its IRS tax-exemption ruling in April 1964, 62 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 June 2023, Arc of Centre County Inc reported income of $6.8m and spending of $6.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.8m to $6.8m (-0.9%), an average of -0.2% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc of Centre County Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include United Cerebral Palsy of Huntsville and Tennessee Valley Inc ($6.8m), Tashbar of Lakewood Inc ($6.8m) and Elyria Public Library ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $127k (1.9% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $6.4m against liabilities of $1.6m, net assets of $4.9m. It reported 152 employees.