Arcade Innovation Hub LLC

Analysis

Arcade Innovation Hub LLC is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Arcade Innovation Hub LLC reported income of $1.9m and spending of $2.3m, spending 118% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $2.3m to $1.9m (-15%), an average of -5.2% a year. The sharpest change came in the year to December 2021, when income dropped by 33%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arcade Innovation Hub LLC sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include Clemson University Research Foundation ($1.9m), Mathesar Foundation Inc ($1.9m) and Williston State College Foundation ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Other salaries and wages came to $25k. At year end it held assets of $4.7m against liabilities of $3.2m, net assets of $1.5m. It reported 11 employees.

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.