Arc 3rd Housing Corporation

Analysis

Arc 3rd Housing Corporation is a registered charity in United States, based in Lima, OH. It received its IRS tax-exemption ruling in September 1988, 38 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 December 2023, Arc 3rd Housing Corporation reported income of $205k and spending of $187k, spending 92% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $208k to $205k (-1.6%), an average of -0.8% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc 3rd Housing Corporation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within OH. Charities of a similar size with the same main cause include Friends of Deer Hollow Farm ($205k), Enterprise Zone Corp of Braddock ($205k) and Commencement Bay Rowing Club ($205k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $17k. At year end it held assets of $306k against liabilities of $407k, net assets of -$101k.