Ark Enterpreneurial Center

Analysis

Ark Enterpreneurial Center is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ark Enterpreneurial Center reported income of $124k and spending of $123k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $49k to $124k (+155%), an average of +155% a year. The sharpest change came in the year to December 2023, when income rose by 155%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ark Enterpreneurial Center sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within IL. Charities of a similar size with the same main cause include Sweetwater County Library Foundation Inc ($124k), Firehouse Nursery School & Kindergarten Inc ($124k) and Friends of Gardner ($124k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,768 against liabilities of $0, net assets of $1,768.