Open Arms Shelter

Analysis

Open Arms Shelter is a registered charity in United States, based in Bonham, TX. It received its IRS tax-exemption ruling in September 2018, 8 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 Shelter reported income of $370k and spending of $158k, leaving 57% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $179k to $370k (+107%), an average of +107% a year. The sharpest change came in the year to December 2023, when income rose by 107%. Over the whole period it spent 50% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Open Arms Shelter sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Grace Place Retirement Community Inc ($370k), Mountain Homeless Coalition ($370k) and 32 Byers Street Inc ($370k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $119k. At year end it held assets of $338k against liabilities of $2,270, net assets of $336k. It reported 20 employees.