Arc of Oconee County Inc

Analysis

Arc of Oconee County Inc is a registered charity in United States, based in Seneca, SC. It received its IRS tax-exemption ruling in July 1968, 58 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 2024, Arc of Oconee County Inc reported income of $54k and spending of $67k, spending 124% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $72k to $54k (-25%), an average of -7.1% a year. The sharpest change came in the year to June 2022, when income rose by 85%. Over the whole period it spent 131% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc of Oconee County Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 27th percentile within SC. Charities of a similar size with the same main cause include Kundalini Yoga Ashram ($54k), 109th Precinct Community Council ($54k) and PTA Delwaware Congress ($54k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $18k (28% of expenses). Other salaries and wages came to $19k. At year end it held assets of $945k against liabilities of $2,779, net assets of $942k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.