Arrupe Corporate Work Study Program

Analysis

Arrupe Corporate Work Study Program is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Arrupe Corporate Work Study Program reported income of $2.5m and spending of $2.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.6m to $2.5m (-5.9%), an average of -1.5% a year. The sharpest change came in the year to June 2022, when income rose by 85%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arrupe Corporate Work Study Program 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 88th percentile, and in the 88th percentile within CO. Charities of a similar size with the same main cause include New York State Local Government Services Foundation Inc ($2.5m), Capital Region Minority Supplier Development Council Inc ($2.5m) and Foundation for the Homeless Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $153k (6.2% of expenses). Other salaries and wages came to $533k. At year end it held assets of $803k against liabilities of $803k, net assets of $0. It reported 68 employees.