Evansville Arc Inc

Analysis

Evansville Arc Inc is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in June 1957, 69 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Evansville Arc Inc reported income of $5.6m and spending of $7.2m, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.7m to $5.6m (-36%), an average of -10% a year. The sharpest change came in the year to June 2020, when income dropped by 25%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Evansville Arc Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IN. Charities of a similar size with the same main cause include Newton Center ($5.6m), Trellis Foundation ($5.6m) and Project 658 Inc ($5.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $575k (8.0% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $6.0m against liabilities of $489k, net assets of $5.6m. It reported 269 employees.