Arc of Wayne Foundation Inc

Analysis

Arc of Wayne Foundation Inc is a registered charity in United States, based in Newark, NY. It received its IRS tax-exemption ruling in July 2014, 12 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 of Wayne Foundation Inc reported income of $86k and spending of $26k, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $86k to $86k (-0.2%), an average of -0.1% a year. The sharpest change came in the year to December 2022, when income rose by 15%. Over the whole period it spent 42% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Arc of Wayne Foundation Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include South Milwaukee Lions Club Foundation Inc ($86k), Marcos Slice of Support Inc ($86k) and Helping Americans Rehabilitation Programs Inc ($86k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $1.0m against liabilities of $967, net assets of $1.0m.