The Arc of Greater Boone County Inc

Analysis

The Arc of Greater Boone County Inc is a registered charity in United States, based in Lebanon, IN. It received its IRS tax-exemption ruling in June 1988, 38 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 2023, The Arc of Greater Boone County Inc reported income of $4.0m and spending of $3.3m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $4.0m (+48%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Arc of Greater Boone County Inc sits at the 89th percentile: it is larger than about 89% 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 Mothers Refuge ($4.0m), Turning Point Soc ($4.0m) and Lake Family Resource Center ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $130k (3.9% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $4.8m against liabilities of $619k, net assets of $4.2m. It reported 128 employees.