The Arc of Augusta Incorporated

Analysis

The Arc of Augusta Incorporated is a registered charity in United States, based in Fishersville, VA. It received its IRS tax-exemption ruling in April 1963, 63 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 December 2023, The Arc of Augusta Incorporated reported income of $52k and spending of $97k, spending 186% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $313k to $52k (-83%), an average of -36% a year. The sharpest change came in the year to December 2022, when income dropped by 60%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Arc of Augusta Incorporated sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within VA. Charities of a similar size with the same main cause include King of Glory Ministries Int ($52k), Sunnybrook Park Association ($52k) and Wyoming Public Transit Association ($52k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 92% of the total. Compensation of current officers, directors and key employees was $59k (61% of expenses). At year end it held assets of $81k against liabilities of $1,762, net assets of $79k. It reported 4 employees.