Open Arms Development Corporation

Analysis

Open Arms Development Corporation is a registered charity in United States, based in Blacklick, OH. It received its IRS tax-exemption ruling in February 1998, 28 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 Development Corporation reported income of $311k and spending of $279k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $216k to $311k (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Open Arms Development Corporation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within OH. Charities of a similar size with the same main cause include 330 East Fourth Street Housing Development Fund Corporation ($311k), Tims Clube ($311k) and Ncar Housing Opportunity Foundation ($311k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 11% of the total. At year end it held assets of $360k against liabilities of $667k, net assets of -$307k.