Earc Inc

Analysis

Earc Inc is a registered charity in United States, based in Edmond, OK. It received its IRS tax-exemption ruling in March 1981, 45 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, Earc Inc reported income of $5.5m and spending of $5.4m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $5.5m (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Earc 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 92nd percentile, and in the 94th percentile within OK. Charities of a similar size with the same main cause include YMCA of Greater Whittier ($5.5m), Northeast Ohio Hospice Inc ($5.5m) and Northeast Employment & Training Orgainzation Inc ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.5% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $97k (1.8% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $3.2m against liabilities of $228k, net assets of $3.0m. It reported 220 employees.