Open Arms Village Inc

Analysis

Open Arms Village Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in July 2017, 9 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 2022, Open Arms Village Inc reported income of $872k and spending of $333k, leaving 62% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $173k to $872k (+404%), an average of +72% a year. The sharpest change came in the year to December 2022, when income rose by 327%. Over the whole period it spent 62% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Open Arms Village Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Homes of Montclair Ecumenical Corp ($871k), Volunteer Homes for Elderly ($872k) and Neighborhood Housing Service of New Britain Inc ($871k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $146k. At year end it held assets of $730k against liabilities of $4,520, net assets of $725k. It reported 5 employees.