Arnold Center Inc

Analysis

Arnold Center Inc is a registered charity in United States, based in Midland, MI. It received its IRS tax-exemption ruling in March 1967, 59 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Arnold Center Inc reported income of $3.8m and spending of $3.6m, spending 97% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $2.6m to $3.8m (+46%), an average of +13% a year. The sharpest change came in the year to September 2021, when income rose by 36%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arnold Center 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 90th percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include German St Vincent Orphan Association ($3.8m), Oak Hill School ($3.8m) and National Apartment Association Education Institute ($3.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 16% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $223k (6.1% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $6.0m against liabilities of $563k, net assets of $5.4m. It reported 271 employees.