The Arc of Florida Inc

Analysis

The Arc of Florida Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in October 1957, 69 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 Florida Inc reported income of $692k and spending of $1.1m, spending 159% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.2m to $692k (-84%), an average of -36% a year. The sharpest change came in the year to June 2023, when income dropped by 81%. Over the whole period it spent 99% 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 Florida Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Madison Area Preschool Inc ($692k), Transportation Foundation of Los Angeles ($692k) and River Cities Information Referral and Assistance Services ($692k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $178k (16% of expenses). Other salaries and wages came to $188k. At year end it held assets of $1.2m against liabilities of $183k, net assets of $1.1m. It reported 8 employees.