Arc of Southside Inc

Analysis

Arc of Southside Inc is a registered charity in United States, based in Danville, VA. It received its IRS tax-exemption ruling in February 1956, 70 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 Southside Inc reported income of $3.9m and spending of $3.5m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $3.9m (+51%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc of Southside Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Black Latinx Asian Charter Collaborative ($3.9m), Manos de Cristo Inc ($3.9m) and Women Moving on Inc ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $128k (3.6% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $4.1m against liabilities of $405k, net assets of $3.6m. It reported 148 employees.