Arc Thrift Stores

Analysis

Arc Thrift Stores is a registered charity in United States, based in Lakewood, CO. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Arc Thrift Stores reported income of $123.9m and spending of $121.9m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $97.6m to $123.9m (+27%), an average of +6.1% a year. The sharpest change came in the year to September 2021, when income rose by 31%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Arc Thrift Stores sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within CO. Charities of a similar size with the same main cause include Good Shepherd Services ($123.8m), Greater Washington Urban League Inc ($125.1m) and Community Hospice of Northeast Florida Inc ($123.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $856k (0.7% of expenses). Other salaries and wages came to $53.5m. At year end it held assets of $149.5m against liabilities of $99.9m, net assets of $49.6m. It reported 3,431 employees.