Foundation of the Arc of Archorage

Analysis

Foundation of the Arc of Archorage is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Foundation of the Arc of Archorage reported income of $116k and spending of $1.3m, spending 1097% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $180k to $116k (-36%), an average of -10% a year. The sharpest change came in the year to June 2021, when income dropped by 28%. Over the whole period it spent 455% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foundation of the Arc of Archorage sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 36th percentile within AK. Charities of a similar size with the same main cause include Love Foundation Corp ($116k), Growing Dreams Learning Center Inc ($116k) and Bridge of Hope Centre County ($116k).

At year end it held assets of $4.8m against liabilities of $1.8m, net assets of $2.9m.