Arkay Inc

Analysis

Arkay Inc is a registered charity in United States, based in Southgate, MI. It received its IRS tax-exemption ruling in September 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Arkay Inc reported income of $4.7m and spending of $3.3m, leaving 30% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.5m to $4.7m (+3.3%), an average of +0.8% a year. The sharpest change came in the year to September 2023, when income rose by 60%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Arkay Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Arts and Services for Disabled Incorporated ($4.7m), Men Taking Over Reforming Society Inc ($4.7m) and Massachusetts Alliance of Portuguese Speakers Inc ($4.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $197k (6.1% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $11.3m against liabilities of $132k, net assets of $11.2m. It reported 129 employees.