Arck

Analysis

Arck is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2019, Arck reported income of $301k and spending of $316k, spending 105% of what it took in. Across the 4 years on record, from December 2016 to December 2019, income grew from $50k to $301k (+505%), an average of +82% a year. The sharpest change came in the year to December 2019, when income rose by 1714%. Over the whole period it spent 231% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arck sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Central Oregon Singers Inc ($301k), Artvan ($301k) and Buffalo Institute for Contemporary Art Inc ($301k).

On its Form 990 for the period ending December 2019, revenue came from contributions and grants 98% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $92k (29% of expenses). Other salaries and wages came to $79k. At year end it held assets of $1,152 against liabilities of $20k, net assets of -$19k. It reported 5 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.