Arch Development Corporation

Analysis

Arch Development Corporation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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 September 2023, Arch Development Corporation reported income of $602k and spending of $1.8m, spending 301% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.6m to $602k (-63%), an average of -22% a year. The sharpest change came in the year to September 2020, when income rose by 111%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arch Development Corporation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 46th percentile within DC. Charities of a similar size with the same main cause include Little League Baseball Inc ($602k), Park Ridge Housing Development Fund Company Inc ($602k) and New York Health Plan Association Council Inc ($602k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $132k (7.3% of expenses). Other salaries and wages came to $393k. At year end it held assets of $4.5m against liabilities of $54k, net assets of $4.4m. It reported 5 employees.