Arc Ministry Inc

Analysis

Arc Ministry Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in July 2022, 4 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 December 2023, Arc Ministry Inc reported income of $705k and spending of $375k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $315k to $705k (+124%), an average of +124% a year. The sharpest change came in the year to December 2023, when income rose by 124%. Over the whole period it spent 54% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Arc Ministry Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include Paltown Development Foundation Inc ($705k), Mothers Touch Inc II ($705k) and Extremely Precious Moments Inc ($705k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $2,475 (0.7% of expenses). Other salaries and wages came to $49k. At year end it held assets of $893k against liabilities of $428k, net assets of $466k. It reported 44 employees.