Arc Michigan Inc

Analysis

Arc Michigan Inc is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in February 1953, 73 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, Arc Michigan Inc reported income of $5.7m and spending of $5.6m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.6m to $5.7m (+60%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc Michigan Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include Kid Start Incorporated ($5.7m), National Eucharistic Congress Inc ($5.7m) and York Street Project ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $183k (3.3% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $1.2m against liabilities of $182k, net assets of $989k. It reported 53 employees.