The Arc of North Carolina Inc

Analysis

The Arc of North Carolina Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in November 1957, 69 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, The Arc of North Carolina Inc reported income of $24.8m and spending of $25.1m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.3m to $24.8m (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2020, when income rose by 15%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Arc of North Carolina Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Jefferson County Committee for Economic Opportunity ($24.8m), Central Baptist Home for the Aged ($24.8m) and Westminster Village West Lafayette Inc ($24.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $152k (0.6% of expenses). Other salaries and wages came to $15.3m. At year end it held assets of $6.5m against liabilities of $3.0m, net assets of $3.4m. It reported 738 employees.