Arrowhead Center Inc

Analysis

Arrowhead Center Inc is a registered charity in United States, based in Virginia, MN. It received its IRS tax-exemption ruling in January 1970, 56 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, Arrowhead Center Inc reported income of $405k and spending of $357k, spending 88% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $827k to $405k (-51%), an average of -13% a year. The sharpest change came in the year to December 2022, when income dropped by 49%. 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, Arrowhead Center Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within MN. Charities of a similar size with the same main cause include Spiritual Overseers Service Internaional Corp ($405k), Azorean Brotherhood of the Divine Holy Ghost ($405k) and Redbud Foundation Inc ($405k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 84% of the total. Other salaries and wages came to $193k. At year end it held assets of $132k against liabilities of $835k, net assets of -$703k. It reported 22 employees.