Apostolic Resource Center Inc

Analysis

Apostolic Resource Center Inc is a registered charity in United States, based in Fircrest, WA. It received its IRS tax-exemption ruling in July 2004, 22 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Apostolic Resource Center Inc reported income of $103k and spending of $111k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $319k to $103k (-68%), an average of -68% a year. The sharpest change came in the year to December 2023, when income dropped by 68%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Apostolic Resource Center Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 33rd percentile within WA. Charities of a similar size with the same main cause include Natick Education Foundation ($103k), Friends of the Southbury Public Library Inc ($103k) and Santas Silent Helpers of Columbus Inc ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $116k against liabilities of $6,074, net assets of $110k.