Arc of Iowa

Analysis

Arc of Iowa is a registered charity in United States, based in Iowa City, IA. 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 June 2023, Arc of Iowa reported income of $2.4m and spending of $1.8m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $2.4m (+50%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc of Iowa sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within IA. Charities of a similar size with the same main cause include Chappelle Gardens Inc ($2.4m), Ocean Reef Chapel Foundation Inc ($2.4m) and Essentials Hospitals Institute ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $75k (4.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.2m against liabilities of $566k, net assets of $1.6m. It reported 169 employees.