Arms of Hope Community Inc

Analysis

Arms of Hope Community Inc is a registered charity in United States, based in Wellington, FL. It received its IRS tax-exemption ruling in March 2016, 10 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 December 2021, Arms of Hope Community Inc reported income of $148k and spending of $198k, spending 134% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income fell from $2.7m to $148k (-95%), an average of -77% a year. The sharpest change came in the year to December 2021, when income dropped by 95%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Arms of Hope Community Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within FL. Charities of a similar size with the same main cause include Orkestai Farm Inc ($148k), Grace Pointe Center ($148k) and Compassion Pregnancy Center of Northeast Michigan ($148k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $13k (6.5% of expenses). At year end it held assets of $11k against liabilities of $0, net assets of $11k.