The Arkansas Center for Independence Inc

Analysis

The Arkansas Center for Independence Inc is a registered charity in United States, based in Newport, AR. It received its IRS tax-exemption ruling in March 1974, 52 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Arkansas Center for Independence Inc reported income of $3.2m and spending of $2.6m, spending 82% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.4m to $3.2m (+34%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Arkansas Center for Independence Inc 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 89th percentile, and in the 90th percentile within AR. Charities of a similar size with the same main cause include St Joseph Social Service Center ($3.2m), Business Opportunities for the Blind Inc ($3.2m) and Ama International Inc ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.8% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $84k (3.3% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $4.5m against liabilities of $148k, net assets of $4.4m. It reported 51 employees.