Arc Desoto Inc

Analysis

Arc Desoto Inc is a registered charity in United States, based in Arcadia, FL. It received its IRS tax-exemption ruling in January 1988, 38 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 June 2023, Arc Desoto Inc reported income of $387k and spending of $696k, spending 180% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $617k to $387k (-37%), an average of -14% a year. The sharpest change came in the year to June 2022, when income rose by 72%. Over the whole period it spent 121% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Arc Desoto 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 69th percentile within FL. Charities of a similar size with the same main cause include Churches United in Caring Inc ($387k), Mabopane Foundation ($387k) and Susie QS Kids Inc ($387k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $126k (18% of expenses). Other salaries and wages came to $399k. At year end it held assets of $388k against liabilities of $645k, net assets of -$257k. It reported 15 employees.