Arms of Hope

Analysis

Arms of Hope is a registered charity in United States, based in Medina, TX. It received its IRS tax-exemption ruling in November 2018, 8 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, Arms of Hope reported income of $4.1m and spending of $2.4m, leaving 42% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.3m to $4.1m (+23%), an average of +5.4% a year. The sharpest change came in the year to June 2021, when income rose by 142%. Over the whole period it spent 48% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Arms of Hope sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Sabathani Community Center ($4.1m), Kansas Senior Living Inc ($4.1m) and Avenues Navigating the Spectrum of Relationships Rights & Responsibil ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $576k (24% of expenses). Other salaries and wages came to $719k. At year end it held assets of $325k against liabilities of $34.9m, net assets of -$34.5m. It reported 20 employees.