Arms Wide Open Community Development Corporation

Analysis

Arms Wide Open Community Development Corporation is a registered charity in United States, based in Scottdale, GA. It received its IRS tax-exemption ruling in January 2002, 24 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 December 2023, Arms Wide Open Community Development Corporation reported income of $212k and spending of $216k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $423k to $212k (-50%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Arms Wide Open Community Development Corporation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within GA. Charities of a similar size with the same main cause include Mannas Market Inc ($212k), California Foundation for the Advancement of the Electronic Arts ($212k) and Elmington Elevates Inc ($212k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $24k (11% of expenses). Other salaries and wages came to $6,500. At year end it held assets of $265k against liabilities of $0, net assets of $265k.