Ark Housing Corporation

Analysis

Ark Housing Corporation is a registered charity in United States, based in Bartlesville, OK. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ark Housing Corporation reported income of $148k and spending of $208k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $139k to $148k (+6.6%), an average of +1.6% a year. Over the whole period it spent 133% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ark Housing Corporation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within OK. Charities of a similar size with the same main cause include Big Springs Housing Association Inc ($148k), Procap Housing Inc ($148k) and Carbondale Senior Housing Corporation Phase III ($148k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $245k against liabilities of $18k, net assets of $227k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.