Open Arms Care Corporation

Analysis

Open Arms Care Corporation is a registered charity in United States, based in Brentwood, TN. It received its IRS tax-exemption ruling in August 1989, 37 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Open Arms Care Corporation reported income of $62.5m and spending of $62.7m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $55.3m to $62.5m (+13%), an average of +3.1% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Open Arms Care Corporation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TN. Charities of a similar size with the same main cause include Independent Living Association Inc ($62.5m), New Hope Community Inc ($62.5m) and Hathaway-Sycamores Child and Family Services ($62.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $32k (0.1% of expenses). Other salaries and wages came to $32.7m. At year end it held assets of $99.3m against liabilities of $97.9m, net assets of $1.4m. It reported 1,195 employees.