Arc of Harrisonburg and Rockingham Inc

Analysis

Arc of Harrisonburg and Rockingham Inc is a registered charity in United States, based in Harrisonburg, VA. It received its IRS tax-exemption ruling in May 1966, 60 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Arc of Harrisonburg and Rockingham Inc reported income of $1.1m and spending of $1.0m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $924k to $1.1m (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc of Harrisonburg and Rockingham Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include James Storehouse Incorporated ($1.1m), S S C Progression Corp ($1.1m) and Henderson County Health Care Corporation-Two ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $80k (7.7% of expenses). Other salaries and wages came to $487k. At year end it held assets of $769k against liabilities of $154k, net assets of $615k. It reported 53 employees.