The Arc Noble County Foundations Incorporated

Analysis

The Arc Noble County Foundations Incorporated is a registered charity in United States, based in Albion, IN. It received its IRS tax-exemption ruling in January 1972, 54 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, The Arc Noble County Foundations Incorporated reported income of $1.1m and spending of $986k, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $845k to $1.1m (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Arc Noble County Foundations Incorporated sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within IN. Charities of a similar size with the same main cause include Be Pro Be Proud Inc ($1.1m), Decatur-Morgan County Entrepreneurial Center Inc ($1.1m) and Wiregrass Resource Group Inc ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 14% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $126k (13% of expenses). Other salaries and wages came to $519k. At year end it held assets of $624k against liabilities of $28k, net assets of $596k. It reported 86 employees.