Friends of Ontario Arc Foundation Inc

Analysis

Friends of Ontario Arc Foundation Inc is a registered charity in United States, based in Canandaigua, NY. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Ontario Arc Foundation Inc reported income of $271k and spending of $235k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $254k to $271k (+6.6%), an average of +1.6% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Ontario Arc Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Beyond Pregnancy Care Inc ($271k), Lev with Love Inc ($271k) and Hai-Nam Association of Southern California ($271k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 119% of the total. Compensation of current officers, directors and key employees was $13k (5.4% of expenses). Other salaries and wages came to $149k. At year end it held assets of $889k against liabilities of $47k, net assets of $841k.