Arvac Inc

Analysis

Arvac Inc is a registered charity in United States, based in Dardanelle, AR. It received its IRS tax-exemption ruling in May 1967, 59 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, Arvac Inc reported income of $18.1m and spending of $18.6m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.3m to $18.1m (+37%), an average of +8.1% a year. The sharpest change came in the year to June 2021, when income rose by 44%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Arvac Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within AR. Charities of a similar size with the same main cause include Colorado Springs Independence Center ($18.1m), St Vincent de Paul Community Pharmacy of Cincinnati ($18.1m) and Wingspan Life Resources ($18.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.8% of the total. Other salaries and wages came to $7.8m. At year end it held assets of $12.0m against liabilities of $4.3m, net assets of $7.7m. It reported 364 employees.