Arconet

Analysis

Arconet is a registered charity in United States, based in Lansdale, PA. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2024, Arconet reported income of $202k and spending of $203k, spending 101% of its income. Across the 5 years on record, from August 2020 to August 2024, income grew from $185k to $202k (+9.0%), an average of +2.2% a year. The sharpest change came in the year to August 2023, when income rose by 16%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arconet sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within PA. Charities of a similar size with the same main cause include Claremont Young Musicians Orchestra ($202k), Soli Chamber Ensemble ($202k) and Fadeyev Ballet Inc ($202k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 2.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $75k (37% of expenses). At year end it held assets of $11k against liabilities of $1,401, net assets of $9,190. It reported 2 employees.