Arsenal Place

Analysis

Arsenal Place is a registered charity in United States, based in Selma, AL. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Arsenal Place reported income of $256k and spending of $40k, leaving 84% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $160k to $256k (+60%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 122%. Over the whole period it spent 26% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Arsenal Place sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within AL. Charities of a similar size with the same main cause include Perth Amboy Business Improvement Corporation Inc ($256k), Ripon Main Street Inc ($256k) and Payne-Phalen Community Council ($255k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. At year end it held assets of $701k against liabilities of $0, net assets of $701k.