Arc Maryland Inc

Analysis

Arc Maryland Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in June 1964, 62 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 Maryland Inc reported income of $688k and spending of $866k, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $787k to $688k (-13%), an average of -3.3% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc Maryland Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MD. Charities of a similar size with the same main cause include Lionville Fire Company ($688k), Dispute Resolution Center ($688k) and St Luke Geriatric Center Inc ($687k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $153k (18% of expenses). Other salaries and wages came to $260k. At year end it held assets of $3.2m against liabilities of $183k, net assets of $3.0m. It reported 13 employees.