Arc of the Piedmont Inc

Analysis

Arc of the Piedmont Inc is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in May 1967, 59 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Arc of the Piedmont Inc reported income of $6.0m and spending of $5.8m, spending 97% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.5m to $6.0m (+32%), an average of +5.8% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Arc of the Piedmont Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include Our Place in New York Inc ($6.0m), Life Enriching Communities Foundation ($6.0m) and Hushabye Nursery ($6.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.2% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $99k (1.7% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $4.4m against liabilities of $1.6m, net assets of $2.7m. It reported 105 employees.