Arenac Opportunities Inc

Analysis

Arenac Opportunities Inc is a registered charity in United States, based in Standish, MI. It received its IRS tax-exemption ruling in April 1979, 47 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 September 2023, Arenac Opportunities Inc reported income of $469k and spending of $361k, leaving 23% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $609k to $469k (-23%), an average of -6.3% a year. The sharpest change came in the year to September 2023, when income rose by 40%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Arenac Opportunities Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MI. Charities of a similar size with the same main cause include University City Foundation Inc ($469k), Act Lawrence Inc ($469k) and Clayton Community Foundation ($469k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 51% and program service revenue 5.6% of the total. Other salaries and wages came to $193k. At year end it held assets of $249k against liabilities of $14k, net assets of $236k. It reported 19 employees.