Stone Belt Arc Inc

Analysis

Stone Belt Arc Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in June 1961, 65 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Stone Belt Arc Inc reported income of $24.2m and spending of $24.2m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $23.2m to $24.2m (+4.1%), an average of +1.0% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stone Belt Arc Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within IN. Charities of a similar size with the same main cause include Mainstream Living Inc Stuart Ambrose ($24.1m), Community Bridges ($24.2m) and Balance Autism ($24.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.6% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $291k (1.2% of expenses). Other salaries and wages came to $16.4m. At year end it held assets of $13.0m against liabilities of $2.8m, net assets of $10.2m. It reported 797 employees.