Arc of Bay County

Analysis

Arc of Bay County is a registered charity in United States, based in Bay City, MI. It received its IRS tax-exemption ruling in April 1956, 70 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 June 2023, Arc of Bay County reported income of $150k and spending of $245k, spending 164% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $99k to $150k (+52%), an average of +52% a year. The sharpest change came in the year to June 2023, when income rose by 52%. Over the whole period it spent 141% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc of Bay County sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within MI. Charities of a similar size with the same main cause include Denver Leadership Foundation Inc ($150k), Little League Baseball Inc ($150k) and St Vincent de Paul Salvage Store ($150k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $33k (14% of expenses). Other salaries and wages came to $22k. At year end it held assets of $251k against liabilities of -$2,192, net assets of $253k. It reported 5 employees.