Arc Muskegonm

Analysis

Arc Muskegonm is a registered charity in United States, based in Muskegon, MI. It received its IRS tax-exemption ruling in August 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 December 2023, Arc Muskegonm reported income of $503k and spending of $343k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $270k to $503k (+86%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 186%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc Muskegonm sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MI. Charities of a similar size with the same main cause include International College of Applied Kinesiology ($503k), Friends of Castle Heights ($503k) and National Church Residences ($503k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $56k (16% of expenses). Other salaries and wages came to $134k. At year end it held assets of $1.5m against liabilities of $412k, net assets of $1.1m. It reported 4 employees.