Arc-King County

Analysis

Arc-King County is a registered charity in United States, based in Renton, WA. It received its IRS tax-exemption ruling in May 1980, 46 years ago. 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, Arc-King County reported income of $10.9m and spending of $10.5m, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $6.7m to $10.9m (+63%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 50%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc-King County sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within WA. Charities of a similar size with the same main cause include Urban Ventures Leadership Foundation ($10.9m), Frick Art & Historical Center Inc ($10.9m) and Vernon Area Rehabilitation Center Inc ($10.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $248k (2.4% of expenses). Other salaries and wages came to $8.1m. At year end it held assets of $9.2m against liabilities of $844k, net assets of $8.4m. It reported 237 employees.