Arc of Iowa

Analysis

Arc of Iowa is a registered charity in United States, based in Ames, IA. It received its IRS tax-exemption ruling in December 1962, 64 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 June 2024, Arc of Iowa reported income of $248k and spending of $201k, spending 81% of its income. Across the 4 years on record, from June 2021 to June 2024, income grew from $223k to $248k (+11%), an average of +3.5% a year. Over the whole period it spent 80% 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 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 59th percentile within IA. Charities of a similar size with the same main cause include Cannon Beach Arts Association Incorporated ($247k), Goodenough Community ($248k) and Violin Society of America ($247k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 67% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $79k (39% of expenses). Other salaries and wages came to $54k. At year end it held assets of $508k against liabilities of $84k, net assets of $423k. It reported 6 employees.