Arc of Carroll County Inc

Analysis

Arc of Carroll County Inc is a registered charity in United States, based in Westminster, MD. It received its IRS tax-exemption ruling in September 1968, 58 years ago. 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 June 2023, Arc of Carroll County Inc reported income of $15.2m and spending of $13.8m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.3m to $15.2m (+24%), an average of +5.6% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc of Carroll County Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MD. Charities of a similar size with the same main cause include Catholic Charities of the Diocese of Fall River Massachusetts Inc ($15.2m), Hancock Hardin Wyandot Putnam Community Action Commission ($15.2m) and Society for Immunotherapy of Cancer Inc ($15.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.1% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $496k (3.6% of expenses). Other salaries and wages came to $7.8m. At year end it held assets of $17.2m against liabilities of $5.9m, net assets of $11.4m. It reported 390 employees.