Arc Minnesota Inc

Analysis

Arc Minnesota Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in June 1971, 55 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 December 2023, Arc Minnesota Inc reported income of $11.2m and spending of $11.6m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.7m to $11.2m (-3.7%), an average of -0.9% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc Minnesota Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include United Way of Southeastern Conn Inc ($11.2m), Comite de Bienestar Inc ($11.2m) and Spring Hill Camps ($11.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $451k (3.9% of expenses). Other salaries and wages came to $5.2m. It paid $22k in professional fundraising fees. At year end it held assets of $9.6m against liabilities of $4.3m, net assets of $5.3m. It reported 280 employees.