Sweet Owen Industries Arc Inc

Analysis

Sweet Owen Industries Arc Inc is a registered charity in United States, based in Spencer, IN. It received its IRS tax-exemption ruling in June 1975, 51 years ago. 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 December 2023, Sweet Owen Industries Arc Inc reported income of $3.9m and spending of $3.9m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $3.9m (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sweet Owen Industries Arc Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IN. Charities of a similar size with the same main cause include Bainbridge Performing Arts ($3.9m), Triangle Family Services Inc ($3.9m) and Notre Dame Village ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.9% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $495k (13% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $642k against liabilities of $280k, net assets of $361k. It reported 1 employees.