The Enrichment Center an Affiliated Chapter of the Arc

Analysis

The Enrichment Center an Affiliated Chapter of the Arc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Enrichment Center an Affiliated Chapter of the Arc reported income of $2.8m and spending of $2.8m, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.8m to $2.8m (-0.7%), an average of -0.2% a year. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Enrichment Center an Affiliated Chapter of the Arc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Raymond & Gertrude R Saltzman Foundation ($2.8m), Phillies Charities Inc ($2.8m) and Wendell Scott Foundation Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $134k (4.7% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $4.9m against liabilities of $151k, net assets of $4.7m. It reported 95 employees.