The Arc Tampa Bay Inc

Analysis

The Arc Tampa Bay Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in September 1967, 59 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 Tampa Bay Inc reported income of $13.7m and spending of $14.4m, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $12.5m to $13.7m (+9.7%), an average of +2.3% a year. The sharpest change came in the year to September 2021, when income rose by 20%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Arc Tampa Bay 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 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include New Horizons Ranch and Center Inc ($13.7m), Spartanburg Day School ($13.7m) and Economic Opportunity for Savannah Chatham County Area Inc ($13.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $286k (2.0% of expenses). Other salaries and wages came to $9.4m. At year end it held assets of $14.6m against liabilities of $4.5m, net assets of $10.1m. It reported 314 employees.