Open Arms Adoptions Inc

Analysis

Open Arms Adoptions Inc is a registered charity in United States, based in Kent, OH. It received its IRS tax-exemption ruling in August 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 June 2023, Open Arms Adoptions Inc reported income of $1.4m and spending of $1.6m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income grew from $364k to $1.4m (+283%), an average of +40% a year. The sharpest change came in the year to June 2022, when income rose by 175%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Open Arms Adoptions Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within OH. Charities of a similar size with the same main cause include Social Resources Incorporated ($1.4m), Lutheran Services in Iowa Charitable Foundation Inc ($1.4m) and Flocks Guardians Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $75k (4.7% of expenses). Other salaries and wages came to $775k. At year end it held assets of $533k against liabilities of $795k, net assets of -$262k. It reported 20 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.