Open Arms Community Center Corp

Analysis

Open Arms Community Center Corp is a registered charity in United States, based in Coral Gables, FL. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 March 2024, Open Arms Community Center Corp reported income of $1.2m and spending of $1.1m, spending 86% of its income. Across the 3 years on record, from March 2022 to March 2024, income grew from $311k to $1.2m (+296%), an average of +99% a year. The sharpest change came in the year to March 2023, when income rose by 143%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Open Arms Community Center Corp sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Accion Hispana - Que Pasa ($1.2m), Christina Kent Early Childhood Center ($1.2m) and Forgotten Children Inc ($1.2m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 20% and program service revenue 80% of the total. Other salaries and wages came to $689k. At year end it held assets of $865k against liabilities of $384k, net assets of $480k. It reported 18 employees.