Open Arms Care Foundation

Analysis

Open Arms Care Foundation is a registered charity in United States, based in Brentwood, TN. It received its IRS tax-exemption ruling in April 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Open Arms Care Foundation reported income of $157k and spending of $15k, leaving 90% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $90k to $157k (+74%), an average of +74% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 9.0% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Open Arms Care Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within TN. Charities of a similar size with the same main cause include Coalition for Housing Accessibility Needs Choices & Equality Inc ($157k), Sylvan Place ($158k) and American Russian Children Home Foundation Inc ($157k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $690k against liabilities of $6,790, net assets of $683k.