The Arc of Norfolk

Analysis

The Arc of Norfolk is a registered charity in United States, based in Norfolk, NE. It received its IRS tax-exemption ruling in March 1955, 71 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 December 2023, The Arc of Norfolk reported income of $53k and spending of $68k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $68k to $53k (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2021, when income dropped by 21%. Over the whole period it spent 108% 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 Norfolk sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 18th percentile within NE. Charities of a similar size with the same main cause include Virginia Congress of Parents and Teachers ($53k), Texas Water Utilities Association ($53k) and Junior Baseball Federation ($53k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $35k (51% of expenses). At year end it held assets of $868k against liabilities of $2,192, net assets of $866k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.