Arrow WV Inc

Analysis

Arrow WV Inc is a registered charity in United States, based in Irving, TX. It received its IRS tax-exemption ruling in August 2010, 16 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, Arrow WV Inc reported income of $2.0m and spending of $16.6m, spending 834% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.9m to $2.0m (-83%), an average of -36% a year. The sharpest change came in the year to December 2023, when income rose by 274%. Over the whole period it spent 612% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arrow WV Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Evergreen Terrace Housing Corp ($2.0m), FC Alliance Soccer Club ($2.0m) and Mountain Area Pregnancy Services ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 127% of the total. At year end it held assets of $357.1m against liabilities of $373.5m, net assets of -$16.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.