Arc Housing Development Corporation of Lincoln

Analysis

Arc Housing Development Corporation of Lincoln is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in September 1982, 44 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, Arc Housing Development Corporation of Lincoln reported income of $111k and spending of $105k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $111k (-90%), an average of -43% a year. The sharpest change came in the year to June 2020, when income dropped by 90%. Over the whole period it spent 47% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc Housing Development Corporation of Lincoln sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within NE. Charities of a similar size with the same main cause include Sky High Adventure Center Inc ($111k), Sun Valley Figure Skating Club Inc ($111k) and Combat Boots 2 the Boardroom ($111k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $434k against liabilities of $390k, net assets of $44k.