Arc of Montgomery County Inc

Analysis

Arc of Montgomery County Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in May 1956, 70 years ago. 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 June 2023, Arc of Montgomery County Inc reported income of $30.2m and spending of $30.4m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $26.4m to $30.2m (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc of Montgomery County Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Eder Financial Inc ($30.1m), Nysarc Inc ($30.2m) and Fort Sanders Perinatal Center ($30.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $462k (1.5% of expenses). Other salaries and wages came to $12.5m. At year end it held assets of $20.5m against liabilities of $9.7m, net assets of $10.8m. It reported 477 employees.