The Arc of Volusia Inc

Analysis

The Arc of Volusia Inc is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in January 1965, 61 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Arc of Volusia Inc reported income of $375k and spending of $418k, spending 111% of what it took in. Across the 6 years on record, from September 2019 to December 2023, income fell from $1.8m to $375k (-79%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 79%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Arc of Volusia Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Faith Academy Inc ($375k), Outreach Partners of Yuma Inc ($375k) and Lake Trust Credit Union Foundation ($375k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $32k (7.7% of expenses). Other salaries and wages came to $177k. At year end it held assets of $2.5m against liabilities of $97k, net assets of $2.4m. It reported 125 employees.