Arc of Oakland County Inc

Analysis

Arc of Oakland County Inc is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in October 1968, 58 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 of Oakland County Inc reported income of $1.9m and spending of $2.0m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.9m (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2022, when income rose by 123%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc of Oakland County Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include Linganore Area Youth Athletic Association Inc ($1.9m), Reach the Valley ($1.9m) and Normandale Community College Foundation Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $151k (7.7% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $8.0m against liabilities of $1.6m, net assets of $6.3m. It reported 25 employees.