Open Arms Foundation Inc

Analysis

Open Arms Foundation Inc is a registered charity in United States, based in Cross Lanes, WV. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 Foundation Inc reported income of $132k and spending of $114k, spending 87% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $175k to $132k (-25%), an average of -9.0% a year. The sharpest change came in the year to December 2022, when income dropped by 30%. Over the whole period it spent 95% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Open Arms Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 41st percentile within WV. Charities of a similar size with the same main cause include Haiti Healthcare Partners ($132k), Hmt-Vizag Inc ($132k) and Firekeepers International ($132k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $44k (39% of expenses). At year end it held assets of $23k against liabilities of $9,663, net assets of $13k. It reported 1 employees.