Open Arms Inc

Analysis

Open Arms Inc is a registered charity in United States, based in Toms River, NJ. It received its IRS tax-exemption ruling in April 1989, 37 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Open Arms Inc reported income of $126k and spending of $126k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $120k to $126k (+5.3%), an average of +5.3% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Open Arms Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 51st percentile within NJ. Charities of a similar size with the same main cause include Girls on the Run of Southwest Missouri ($126k), Lighthouse Ministries of Georgia ($126k) and The Center for Innovation in Family Medicine Inc ($126k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 97% of the total. At year end it held assets of $4,692 against liabilities of $0, net assets of $4,692.