The Arc of Texas

Analysis

The Arc of Texas is a registered charity in United States, based in Katy, TX. It received its IRS tax-exemption ruling in July 1966, 60 years ago. 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 August 2023, The Arc of Texas reported income of $447k and spending of $481k, spending 108% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $377k to $447k (+19%), an average of +4.4% a year. The sharpest change came in the year to August 2022, when income rose by 616%. Over the whole period it spent 48% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Arc of Texas sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($447k), Lenawee Symphony Orchestra Society Inc ($447k) and Municipal Electric Systems of Oklahoma ($447k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 43% and program service revenue 60% of the total. Other salaries and wages came to $223k. At year end it held assets of $2.3m against liabilities of $14k, net assets of $2.3m. It reported 33 employees.