Arica Institute Inc
Arica Institute Inc. maintains stable finances with no reported officer compensation.
EIN: 132687268 · Kent, CT · NTEE: P500 · Updated: 2026-03-28
Is Arica Institute Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Arica Institute Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Arica Institute Inc
Arica Institute Inc (EIN: 132687268) is a nonprofit organization based in Kent, CT, classified under NTEE code P500. The organization reported total revenue of $449K and total assets of $471K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Arica Institute Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Arica Institute Inc is a small nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $347K |
| Total Expenses | $346K |
| Surplus / Deficit | +$1K |
| Total Assets | $384K |
| Total Liabilities | $34K |
| Net Assets | $350K |
| Operating Margin | 0.3% |
| Debt-to-Asset Ratio | 8.9% |
| Months of Reserves | 13.3 months |
Financial Health Grade: A
In 2024, Arica Institute Inc reported a surplus of $1K with revenue exceeding expenses, holds 13.3 months of operating reserves (strong position), has a debt-to-asset ratio of 8.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2024), Arica Institute Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +15.1% | -4.9% | -3.4% |
| 2023 | -9.9% | -3.6% | -19.2% |
| 2021 | -13.0% | +2.3% | -3.8% |
| 2020 | -26.6% | +1.1% | +0.2% |
| 2019 | +9.9% | +6.9% | +80.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Arica Institute Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Arica Institute Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.9%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either unpaid volunteers or receive no reportable compensation, which is highly unusual for an organization with revenues consistently in the hundreds of thousands.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Arica Institute Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided data makes precise spending efficiency analysis difficult.
Strengths
The following positive indicators were identified for Arica Institute Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for executive leadership.
- Long and consistent IRS 990 filing history, demonstrating compliance and transparency.
- Assets consistently exceed liabilities, indicating a healthy financial position.
- Stable revenue stream over the past decade.
Frequently Asked Questions about Arica Institute Inc
Is Arica Institute Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Arica Institute Inc (EIN: 132687268) some concerns. Mission Score: 75/100. 1 red flag identified, 4 strengths noted.
How does Arica Institute Inc spend its money?
Arica Institute Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Arica Institute Inc tax-deductible?
Arica Institute Inc is registered as a tax-exempt nonprofit (EIN: 132687268). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Arica Institute Inc. financially stable?
Yes, the organization appears financially stable. Assets generally exceed liabilities, for example, $384,370 in assets versus $34,311 in liabilities in 2024, and it has a consistent revenue stream.
How does Arica Institute Inc. manage executive compensation?
Arica Institute Inc. consistently reports 0% officer compensation in all available IRS 990 filings, suggesting a volunteer-led executive structure or that compensation falls below reporting thresholds.
What is the trend in Arica Institute Inc.'s revenue?
Revenue has fluctuated but generally remained within the $300,000 to $500,000 range over the past decade, with the latest reported revenue at $448,773.
Filing History
IRS 990 filing history for Arica Institute Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2024), Arica Institute Inc's revenue has grown by 21.6%, moving from $285K to $347K. Total assets decreased by 32.8% over the same period, from $572K to $384K. Total functional expenses fell by 23.7%, from $453K to $346K. In its most recent filing year (2024), Arica Institute Inc reported a surplus of $1K, with revenue exceeding expenses. The organization holds $34K in liabilities against $384K in assets (debt-to-asset ratio: 8.9%), resulting in net assets of $350K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $347K | $346K | $384K | $34K | — | — |
| 2023 | $301K | $364K | $398K | $65K | — | — |
| 2021 | $334K | $377K | $492K | $89K | — | View 990 |
| 2020 | $384K | $369K | $512K | $72K | — | View 990 |
| 2019 | $523K | $365K | $511K | $91K | — | View 990 |
| 2018 | $476K | $341K | $283K | $154K | — | View 990 |
| 2017 | $0 | $169K | $507K | $287K | — | View 990 |
| 2016 | $349K | $381K | $513K | $222K | — | View 990 |
| 2015 | $450K | $399K | $531K | $202K | — | View 990 |
| 2014 | $342K | $303K | $512K | $220K | — | View 990 |
| 2013 | $315K | $479K | $463K | $224K | — | View 990 |
| 2012 | $394K | $385K | $604K | $216K | — | View 990 |
| 2011 | $285K | $453K | $572K | $194K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $347K, expenses of $346K, and assets of $384K (revenue +15.1% year-over-year).
- 2023: Revenue of $301K, expenses of $364K, and assets of $398K (revenue -9.9% year-over-year).
- 2021: Revenue of $334K, expenses of $377K, and assets of $492K (revenue -13.0% year-over-year).
- 2020: Revenue of $384K, expenses of $369K, and assets of $512K (revenue -26.6% year-over-year).
- 2019: Revenue of $523K, expenses of $365K, and assets of $511K (revenue +9.9% year-over-year).
- 2018: Revenue of $476K, expenses of $341K, and assets of $283K.
- 2017: Revenue of $0, expenses of $169K, and assets of $507K (revenue -100.0% year-over-year).
- 2016: Revenue of $349K, expenses of $381K, and assets of $513K (revenue -22.5% year-over-year).
- 2015: Revenue of $450K, expenses of $399K, and assets of $531K (revenue +31.6% year-over-year).
- 2014: Revenue of $342K, expenses of $303K, and assets of $512K (revenue +8.5% year-over-year).
- 2013: Revenue of $315K, expenses of $479K, and assets of $463K (revenue -20.1% year-over-year).
- 2012: Revenue of $394K, expenses of $385K, and assets of $604K (revenue +38.4% year-over-year).
- 2011: Revenue of $285K, expenses of $453K, and assets of $572K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Arica Institute Inc:
Data Sources and Methodology
This transparency report for Arica Institute Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.