Arc Retreat Community

Analysis

Arc Retreat Community is a registered charity in United States, based in Cambridge, MN. It received its IRS tax-exemption ruling in January 1977, 49 years ago. 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 December 2023, Arc Retreat Community reported income of $426k and spending of $625k, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $128k to $426k (+232%), an average of +35% a year. The sharpest change came in the year to December 2020, when income rose by 97%. Over the whole period it spent 136% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc Retreat Community 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 68th percentile, and in the 66th percentile within MN. Charities of a similar size with the same main cause include Kmoc FM ($426k), Grace Hudson Museum Endowment Fund Inc ($426k) and King Harbor Youth Foundation Inc ($426k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $48k (7.7% of expenses). Other salaries and wages came to $195k. At year end it held assets of $337k against liabilities of $724k, net assets of -$387k. It reported 15 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.