Arc Opportunities Inc

Analysis

Arc Opportunities Inc is a registered charity in United States, based in Howe, IN. It received its IRS tax-exemption ruling in October 1970, 56 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Arc Opportunities Inc reported income of $4.8m and spending of $5.7m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $4.8m (+118%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 73%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc Opportunities Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IN. Charities of a similar size with the same main cause include Western Pennsylvania Operating Engineers & Joint Apprenticeship ($4.8m), Institute for Professionals in Taxation ($4.8m) and Hope Center for Children ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.7% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $294k (5.1% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $5.7m against liabilities of $3.2m, net assets of $2.5m. It reported 210 employees.