Arc of Buncombe County Inc

Analysis

Arc of Buncombe County Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in May 1972, 54 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Arc of Buncombe County Inc reported income of $353k and spending of $376k, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $242k to $353k (+46%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 59%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Arc of Buncombe County Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within NC. Charities of a similar size with the same main cause include Leadership Empowerment Awareness Development ($353k), Fred Moore Day Nursery School Inc ($353k) and Calvary Childrens School Inc ($353k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $63k (17% of expenses). Other salaries and wages came to $52k. It paid $5,240 in professional fundraising fees. At year end it held assets of $223k against liabilities of $71k, net assets of $153k. It reported 4 employees.