The Arc Davidson County Inc

Analysis

The Arc Davidson County Inc is a registered charity in United States, based in Lexington, NC. It received its IRS tax-exemption ruling in April 1982, 44 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, The Arc Davidson County Inc reported income of $3.0m and spending of $2.3m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.4m to $3.0m (+108%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Arc Davidson County Inc sits at the 88th 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 Al Jazari Institute ($3.0m), Veterans One-Stop Center of Wny Inc ($3.0m) and New York County Health Services Review Organizations Inc ($3.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% and program service revenue 9.6% of the total. Compensation of current officers, directors and key employees was $74k (3.2% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $4.1m against liabilities of $158k, net assets of $4.0m. It reported 73 employees.