Arkanum

Analysis

Arkanum is a registered charity in United States, based in Arlington, MA. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Arkanum reported income of $497k and spending of $381k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $288k to $497k (+73%), an average of +73% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 79% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Arkanum sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include The Embrace Girls Foundation Inc ($496k), Morgan County Agricultural Society ($498k) and National 4-H Congress Foundation ($496k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $174k against liabilities of $5,089, net assets of $169k.