Open Arms of Minnesota Inc

Analysis

Open Arms of Minnesota Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 1991, 35 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 June 2023, Open Arms of Minnesota Inc reported income of $14.7m and spending of $13.3m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $14.7m (+559%), an average of +60% a year. The sharpest change came in the year to June 2020, when income rose by 204%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Open Arms of Minnesota Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MN. Charities of a similar size with the same main cause include Greater Ridgewood Youth Council Inc ($14.7m), Lehigh Valley Childrens Centers Inc ($14.7m) and Chinese Information and Service ($14.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $312k (2.3% of expenses). Other salaries and wages came to $4.4m. It paid $33k in professional fundraising fees. At year end it held assets of $14.7m against liabilities of $5.9m, net assets of $8.8m. It reported 103 employees.