The Arc of Palm Beach County Inc

Analysis

The Arc of Palm Beach County Inc is a registered charity in United States, based in Riviera Beach, FL. It received its IRS tax-exemption ruling in March 1959, 67 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Palm Beach County Inc reported income of $17.3m and spending of $16.7m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $8.0m to $17.3m (+117%), an average of +21% a year. The sharpest change came in the year to September 2023, when income rose by 92%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Arc of Palm Beach County Inc 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 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Bixby Knolls Towers Inc ($17.3m), Catholic Residential Services Inc ($17.3m) and The Center for Hospice and Palliative Care Inc ($17.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 70% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $359k (2.2% of expenses). Other salaries and wages came to $10.3m. At year end it held assets of $26.1m against liabilities of $4.1m, net assets of $22.0m. It reported 370 employees.