Arc of Putnam County Inc

Analysis

Arc of Putnam County Inc is a registered charity in United States, based in Palatka, FL. It received its IRS tax-exemption ruling in January 1975, 51 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Arc of Putnam County Inc reported income of $6.1m and spending of $5.8m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $6.1m (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2023, when income rose by 42%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Arc of Putnam County Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Missoula Food Bank & Community Center Incorporated ($6.1m), State Power Fund ($6.1m) and New Story Inc ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 69% of the total. Other salaries and wages came to $3.6m. At year end it held assets of $5.4m against liabilities of $313k, net assets of $5.1m. It reported 147 employees.