Arc Riverside

Analysis

Arc Riverside is a registered charity in United States, based in Riverside, CA. It received its IRS tax-exemption ruling in March 1958, 68 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Arc Riverside reported income of $4.3m and spending of $4.9m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.4m to $4.3m (-20%), an average of -5.6% a year. The sharpest change came in the year to June 2023, when income dropped by 15%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc Riverside sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Lake Ann Baptist Camp Inc ($4.3m), Womens Shelter of South Texas ($4.3m) and The House Inc ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $131k (2.7% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $8.9m against liabilities of $5.7m, net assets of $3.2m. It reported 94 employees.