The Arc of South Florida

Analysis

The Arc of South Florida is a registered charity in United States, based in Miami Lakes, FL. It received its IRS tax-exemption ruling in April 1954, 72 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 September 2023, The Arc of South Florida reported income of $13.5m and spending of $12.5m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $10.7m to $13.5m (+26%), an average of +6.0% a year. Over the whole period it spent 96% 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 Florida sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Open Door Center ($13.5m), Family Resource Agency Inc ($13.5m) and Francis D Pastorius-Mastery Charter School ($13.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 38% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $210k (1.7% of expenses). Other salaries and wages came to $6.4m. At year end it held assets of $8.7m against liabilities of $2.3m, net assets of $6.5m. It reported 255 employees.