Flagler Open Arms Recovery Services Inc

Analysis

Flagler Open Arms Recovery Services Inc is a registered charity in United States, based in Bunnell, FL. It received its IRS tax-exemption ruling in September 2020, 6 years ago. 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 2022, Flagler Open Arms Recovery Services Inc reported income of $532k and spending of $463k, spending 87% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $225k to $532k (+136%), an average of +136% a year. The sharpest change came in the year to December 2022, when income rose by 136%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Flagler Open Arms Recovery Services Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Long Green Volunteer Fire Co Inc ($532k), Memphis Community Housing Inc ($532k) and National Church Residences ($532k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 96% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $81k (18% of expenses). Other salaries and wages came to $156k. At year end it held assets of $193k against liabilities of $18k, net assets of $174k. It reported 11 employees.