Ark House Inc

Analysis

Ark House Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in August 1979, 47 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, Ark House Inc reported income of $560k and spending of $614k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $406k to $560k (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2020, when income rose by 25%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ark House Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within OH. Charities of a similar size with the same main cause include Greenville Chamber Foundation Inc ($560k), Boys Club of Cicero ($560k) and Veterans Place Inc ($559k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 90% of the total. Compensation of current officers, directors and key employees was $66k (11% of expenses). Other salaries and wages came to $344k. At year end it held assets of $184k against liabilities of $51k, net assets of $133k. It reported 16 employees.

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.