Arnies Army Charitable Events Foundation Inc

Analysis

Arnies Army Charitable Events Foundation Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Arnies Army Charitable Events Foundation Inc reported income of $39.4m and spending of $40.6m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.5m to $39.4m (+61%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Arnies Army Charitable Events Foundation Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include United Cerebral Palsy of Southern Arizona Inc ($39.4m), Hospice & Palliative Carecenter ($39.5m) and Bremen Food & Clothing Bank Inc ($39.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $346k (0.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $23.4m against liabilities of $558k, net assets of $22.8m.