Arc of Frederick County Inc

Analysis

Arc of Frederick County Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in June 1966, 60 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 Frederick County Inc reported income of $12.8m and spending of $10.0m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.4m to $12.8m (+73%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc of Frederick County Inc sits at the 96th percentile: it is larger than about 96% 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 Pathway School ($12.8m), Retirement Ranches Inc ($12.8m) and Vista Life Innovations Inc ($12.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $534k (5.4% of expenses). Other salaries and wages came to $6.7m. At year end it held assets of $20.3m against liabilities of $4.4m, net assets of $15.9m. It reported 310 employees.