Placer Arc

Analysis

Placer Arc is a registered charity in United States, based in Roseville, CA. It received its IRS tax-exemption ruling in December 1963, 63 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 June 2023, Placer Arc reported income of $2.3m and spending of $1.6m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.0m to $2.3m (-24%), an average of -6.6% a year. The sharpest change came in the year to June 2023, when income dropped by 33%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Placer Arc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Common Ground Collective ($2.3m), Friends of the Children-Boston Inc ($2.3m) and Cornucopia Services ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.2% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $153k (9.4% of expenses). Other salaries and wages came to $782k. At year end it held assets of $9.0m against liabilities of $927k, net assets of $8.0m. It reported 20 employees.