Arc 1st Housing Corporation

Analysis

Arc 1st Housing Corporation is a registered charity in United States, based in Lima, OH. It received its IRS tax-exemption ruling in May 1985, 41 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 1st Housing Corporation reported income of $80k and spending of $69k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $73k to $80k (+8.9%), an average of +8.9% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc 1st Housing Corporation sits at the 31st percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within OH. Charities of a similar size with the same main cause include Federation of Asian Indian Association of Central Ohio ($80k), Allen Elementary School Parents Teachers Club Inc ($80k) and Boy Scouts of America ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $125k against liabilities of $90k, net assets of $35k.