Arkansas Community Foundation Inc

Analysis

Arkansas Community Foundation Inc is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in July 1976, 50 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2024, Arkansas Community Foundation Inc reported income of $94.9m and spending of $59.4m, leaving 37% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $152.5m to $94.9m (-38%), an average of -9.0% a year. The sharpest change came in the year to June 2021, when income rose by 208%. Over the whole period it spent 50% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Arkansas Community Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within AR. Charities of a similar size with the same main cause include Dietrich Foundation ($94.3m), The United Methodist Retirement Homes Inc ($95.0m) and New Hampshire Charitable Foundation ($93.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $866k (1.5% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $744.5m against liabilities of $6.4m, net assets of $738.1m. It reported 53 employees.