Arc Athens Inc

Analysis

Arc Athens Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Arc Athens Inc reported income of $188k and spending of $203k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $176k to $188k (+7.0%), an average of +7.0% a year. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arc Athens Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Tri-Cities Puentes Initiative ($188k), Ashland Folk Collective ($188k) and Three Bone Theatre Inc ($188k).

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 $31k against liabilities of $44k, net assets of -$13k.