Arc of Haywood County Inc

Analysis

Arc of Haywood County Inc is a registered charity in United States, based in Waynesville, NC. It received its IRS tax-exemption ruling in November 1991, 35 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 June 2024, Arc of Haywood County Inc reported income of $3.1m and spending of $2.6m, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.3m to $3.1m (+34%), an average of +7.7% a year. The sharpest change came in the year to June 2024, when income rose by 19%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc of Haywood County Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Veteran Golfers Association ($3.1m), Open Arms Temporary Living ($3.1m) and Standup for Kids ($3.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $113k (4.3% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $5.7m against liabilities of $775k, net assets of $5.0m. It reported 66 employees.