Open Arms Foundation

Analysis

Open Arms Foundation is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Open Arms Foundation reported income of $819k and spending of $787k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $587k to $819k (+39%), an average of +8.7% a year. The sharpest change came in the year to December 2021, when income rose by 157%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Open Arms Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within TN. Charities of a similar size with the same main cause include Feeding Dreams Inc ($819k), Waves for Water Inc ($819k) and Devalles Memorial Family Service Center Inc ($819k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% of the total. At year end it held assets of $773k against liabilities of $345k, net assets of $428k.