The Arc of Anchorage

Analysis

The Arc of Anchorage is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in February 1962, 64 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, The Arc of Anchorage reported income of $8.6m and spending of $11.3m, spending 132% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $12.4m to $8.6m (-31%), an average of -8.8% a year. The sharpest change came in the year to June 2023, when income dropped by 26%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Arc of Anchorage sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within AK. Charities of a similar size with the same main cause include Old Dominion Athletic Foundation ($8.5m), Girl Scouts of Greater Iowa ($8.6m) and American Indian Higher Education Consortium ($8.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $289k (2.5% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $7.3m against liabilities of $795k, net assets of $6.5m. It reported 332 employees.