Ark Charities
- Assets
- $17.7k
- Revenue
- $48.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Pleasant Garden, NC
- Founding
- 11/2017
- Data as of
- 06/2023
- EIN
- 82-2896599
Organization Overview
Ark Charities is located in Pleasant Garden, NC. The organization was established in 2017. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ark Charities is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Ark Charities generated $48.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $27.7k during the year ending 06/2023. While expenses have increased by 15.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHRISTMAS FAMILIES
ACTS OF RANDOM KINDNESS
FOOD BANKS
BACK TO SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie Singleton President | 2 | $0 | |
Charles Singleton Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $48,547 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $48,547 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,483 |
| Total operating and administrative expenses | $14,483 |
| Contributions, gifts, grants paid | $13,200 |
| Total expenses and disbursements | $27,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,225 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $504 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,729 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Ark Charities has awarded $13,200 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BISCOE COMMUNITY FOOD PANTRY PURPOSE: SUPPORT TO FEED THE HUNGARY, HOMELESS & OTHERS IN NEED OF ASSISTANCE | $1,000 |
CARMEN LOWERY PURPOSE: PAYMENT FOR MEDICAL BILLS & OTHER HEALTH COST ASSISTANCE | $2,500 |
CHATHAM TRADES INC PURPOSE: TO SUPPORT ORGANIZATION'S GOALS TO ASSIST THOSE WITH SPECIAL NEEDS. | $1,000 |
FAMILY ROOM FOSTER CARE RESOURCE CENTER PURPOSE: TO SUPPORT ORGANIZATION'S GOALS TO PROVIDE CHILDREN COMING INTO FOSTER CARE WITH EVERYTHING THEY NEED RIGHT AWAY AT NO COST TO THE FAMALIES THAT FOSTER. | $500 |
MONTGOMERY COUNTY SCHOOLS PURPOSE: EDUCATIONAL SUPPORT | $750 |
MORNING GLORY MINISTRIES FOOD BANK PURPOSE: SUPPORT TO FEED THE HUNGARY, HOMELESS & OTHERS IN NEED OF ASSISTANCE | $500 |