Foundation of the Arc of Northern Virginia

Analysis

Foundation of the Arc of Northern Virginia is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in June 1990, 36 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Foundation of the Arc of Northern Virginia reported income of $743k and spending of $837k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $557k to $743k (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2020, when income rose by 75%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation of the Arc of Northern Virginia sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within VA. Charities of a similar size with the same main cause include Black Music Entrepreneurship Incubator ($743k), Pediatric Health Management Services ($743k) and Port City Enterprises Inc ($742k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 70% of the total. At year end it held assets of $1.9m against liabilities of $108k, net assets of $1.8m.