The Arc of South Carolina

Analysis

The Arc of South Carolina is a registered charity in United States, based in Lexington, SC. It received its IRS tax-exemption ruling in February 1966, 60 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 South Carolina reported income of $3.2m and spending of $2.1m, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $817k to $3.2m (+296%), an average of +41% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 68% 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 South Carolina 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 89th percentile, and in the 92nd percentile within SC. Charities of a similar size with the same main cause include Association of Retarded Citizens of Eastern Elmore County ($3.2m), CSJ Rocky River Inc ($3.2m) and Harbor Montessori School ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.9% and program service revenue 93% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $3.7m against liabilities of $105k, net assets of $3.6m. It reported 52 employees.