The Arc of Delaware Inc

Analysis

The Arc of Delaware Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, The Arc of Delaware Inc reported income of $505k and spending of $394k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2018 to December 2022, income grew from $440k to $505k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2022, when income rose by 74%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Arc of Delaware Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 65th percentile within DE. Charities of a similar size with the same main cause include Abc Building Services ($505k), Greater Owensboro Senior Citizens Union Labor Housing Corporation ($506k) and Dogwood Village Foundation ($505k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 67% of the total. Compensation of current officers, directors and key employees was $100k (25% of expenses). At year end it held assets of $287k against liabilities of $408k, net assets of -$121k. It reported 17 employees.