The Arc of the Midlands Inc

Analysis

The Arc of the Midlands Inc is a registered charity in United States, based in Cayce, SC. It received its IRS tax-exemption ruling in February 1966, 60 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 2023, The Arc of the Midlands Inc reported income of $903k and spending of $800k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $923k to $903k (-2.1%), an average of -0.5% a year. The sharpest change came in the year to June 2021, when income rose by 52%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Arc of the Midlands Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within SC. Charities of a similar size with the same main cause include Summit County Rescue Group Inc ($903k), Eye on Your Child Care Center 2 ($903k) and Sioux Falls Youth Hockey Association ($903k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $31k (3.9% of expenses). Other salaries and wages came to $313k. At year end it held assets of $211k against liabilities of $47k, net assets of $164k. It reported 52 employees.