The Arc of Greensboro Inc

Analysis

The Arc of Greensboro Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in November 1961, 65 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, The Arc of Greensboro Inc reported income of $828k and spending of $814k, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $807k to $828k (+2.5%), an average of +0.8% a year. Over the whole period it spent 104% 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 Greensboro Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Louisiana Lions League for Crippled Children Inc ($828k), Indiana Family to Family Inc ($828k) and Arc of Midland ($828k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $98k (12% of expenses). Other salaries and wages came to $369k. At year end it held assets of $2.3m against liabilities of $907k, net assets of $1.4m. It reported 26 employees.