Arc of Madison County Inc

Analysis

Arc of Madison County Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in July 1966, 60 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, Arc of Madison County Inc reported income of $11.1m and spending of $9.1m, spending 82% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.5m to $11.1m (+70%), an average of +14% a year. The sharpest change came in the year to September 2020, when income rose by 22%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc of Madison County 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 95th percentile, and in the 97th percentile within AL. Charities of a similar size with the same main cause include Lutheran Home - Forsyth County Inc ($11.1m), United Way of Forsyth County Inc ($11.1m) and Psycho-Social Rehabilitation Center Inc ($11.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 22% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $285k (3.1% of expenses). Other salaries and wages came to $561k. At year end it held assets of $15.2m against liabilities of $2.9m, net assets of $12.4m. It reported 249 employees.