The Arc of High Point Inc

Analysis

The Arc of High Point Inc is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in November 1971, 55 years ago. 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 Arc of High Point Inc reported income of $527k and spending of $604k, spending 115% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $195k to $527k (+171%), an average of +39% a year. The sharpest change came in the year to June 2021, when income rose by 93%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Arc of High Point Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Bishops Attic Volunteers ($527k), Twin Falls County Fair & Rodeo Foundation Inc ($527k) and Southeast Industrial Development Association Inc ($527k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $48k (8.0% of expenses). Other salaries and wages came to $359k. At year end it held assets of $517k against liabilities of $28k, net assets of $490k. It reported 21 employees.