Arc on 4th Street Inc

Analysis

Arc on 4th Street Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2005, 21 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Arc on 4th Street Inc reported income of $254k and spending of $610k, spending 240% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $286k to $254k (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 198% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Arc on 4th Street Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Naw Institute for Distribution Excellence ($254k), Aspen Sister Cities Program Inc ($254k) and Roofers Joint Apprenticeship Comm ($253k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $6.9m against liabilities of $5.6m, net assets of $1.4m.

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.