Arnette House Inc

Analysis

Arnette House Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in December 1981, 45 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, Arnette House Inc reported income of $2.8m and spending of $2.7m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $2.8m (+11%), an average of +2.6% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Arnette House Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Moorings Park Foundation Inc ($2.8m), Ride Solution Inc ($2.8m) and Child Welfare League of America Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $166k (6.2% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $2.5m against liabilities of $167k, net assets of $2.3m. It reported 77 employees.