Arc of Southern Maryland

Analysis

Arc of Southern Maryland is a registered charity in United States, based in PRNC Frederck, MD. It received its IRS tax-exemption ruling in October 1977, 49 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 Southern Maryland reported income of $26.0m and spending of $22.0m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.2m to $26.0m (+43%), an average of +9.4% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc of Southern Maryland 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 Benedictine Health Center ($26.0m), DC Central Kitchen Inc ($26.1m) and International Institute for Environment and Development ($26.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.6% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $372k (1.7% of expenses). Other salaries and wages came to $15.0m. At year end it held assets of $29.8m against liabilities of $10.7m, net assets of $19.1m. It reported 485 employees.