Arc of Tri-Cities

Analysis

Arc of Tri-Cities is a registered charity in United States, based in Richland, WA. It received its IRS tax-exemption ruling in July 1998, 28 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 of Tri-Cities reported income of $2.8m and spending of $2.3m, spending 82% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.0m to $2.8m (+41%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 65%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc of Tri-Cities sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within WA. Charities of a similar size with the same main cause include Tri-County Industries Inc ($2.8m), St Johns Hospice ($2.8m) and Homewood Insurance Company Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $114k (5.0% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $7.2m against liabilities of $261k, net assets of $6.9m. It reported 102 employees.