The Arc of Fayette Lamar Marengo Counties Inc

Analysis

The Arc of Fayette Lamar Marengo Counties Inc is a registered charity in United States, based in Fayette, AL. It received its IRS tax-exemption ruling in May 1980, 46 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, The Arc of Fayette Lamar Marengo Counties Inc reported income of $8.2m and spending of $6.2m, leaving 25% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.1m to $8.2m (+60%), an average of +12% a year. The sharpest change came in the year to September 2023, when income rose by 53%. Over the whole period it spent 87% 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 Fayette Lamar Marengo Counties Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within AL. Charities of a similar size with the same main cause include Economic Development Growth Enterprises Corporation ($8.2m), Native Americans for Community Action Inc ($8.2m) and Purpose Preparatory Academy Inc ($8.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $75k (1.2% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $5.4m against liabilities of $661k, net assets of $4.7m. It reported 155 employees.