Open Arms CLT

Analysis

Open Arms CLT is a registered charity in United States, based in Harrisburg, NC. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2023, Open Arms CLT reported income of $461k and spending of $402k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $436k to $461k (+5.8%), an average of +5.8% a year. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Open Arms CLT sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include Sweet Home Community Builders Inc ($461k), Couples for Christ Mission Foundation California USA Inc ($462k) and Mountain View Church of Christ ($461k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1,687. At year end it held assets of $263k against liabilities of $4,195, net assets of $259k.