Arco Iris America Inc

Analysis

Arco Iris America Inc is a registered charity in United States, based in Hingham, MA. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 October 2023, Arco Iris America Inc reported income of $115k and spending of $145k, spending 127% of what it took in. Across the 4 years on record, from October 2020 to October 2023, income fell from $128k to $115k (-10%), an average of -3.6% a year. The sharpest change came in the year to October 2021, when income rose by 99%. Over the whole period it spent 78% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Arco Iris America Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 47th percentile within MA. Charities of a similar size with the same main cause include Friends of Momance Inc ($115k), Mias Children Foundation ($115k) and Neighbors Abroad ($115k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $14k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.