Ark of SC

Analysis

Ark of SC is a registered charity in United States, based in Summerville, SC. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Ark of SC reported income of $512k and spending of $692k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $702k to $512k (-27%), an average of -7.6% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ark of SC sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within SC. Charities of a similar size with the same main cause include Girls on the Run New Hampshire ($512k), Atmore Urgent Care Inc ($512k) and Forge Recovery Center ($512k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $77k (11% of expenses). At year end it held assets of $585k against liabilities of $434k, net assets of $151k. It reported 11 employees.