The Arc of the Mid-South

Analysis

The Arc of the Mid-South is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in June 1962, 64 years ago. 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, The Arc of the Mid-South reported income of $2.6m and spending of $2.5m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.7m to $2.6m (-5.7%), an average of -1.5% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Arc of the Mid-South sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within TN. Charities of a similar size with the same main cause include United Way of South Central Tennessee ($2.6m), Hope Haven Support Foundation ($2.6m) and Teen Challenge of Birmingham Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $105k (4.2% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $1.3m against liabilities of $311k, net assets of $1.0m. It reported 97 employees.