Ark Regional Services Inc

Analysis

Ark Regional Services Inc is a registered charity in United States, based in Laramie, WY. It received its IRS tax-exemption ruling in February 1972, 54 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Ark Regional Services Inc reported income of $8.6m and spending of $8.5m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.0m to $8.6m (+7.4%), an average of +1.8% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ark Regional Services Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 98th percentile within WY. Charities of a similar size with the same main cause include National Lutheran Inc ($8.6m), Homeword Inc ($8.6m) and Rural Communities Housing Development Corporation ($8.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $102k (1.2% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $3.5m against liabilities of $1.1m, net assets of $2.4m. It reported 279 employees.