Arc Rapides Inc

Analysis

Arc Rapides Inc is a registered charity in United States, based in Alexandria, LA. It received its IRS tax-exemption ruling in February 1955, 71 years ago. 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, Arc Rapides Inc reported income of $4.2m and spending of $3.7m, spending 88% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.8m to $4.2m (+50%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc Rapides Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within LA. Charities of a similar size with the same main cause include The Cornerstone School Inc ($4.2m), Yeshiva Derech Chaim ($4.2m) and Tuff Memorial Home ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $94k (2.5% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $4.2m against liabilities of $183k, net assets of $4.0m. It reported 173 employees.