Caring Arms Inc

Analysis

Caring Arms Inc is a registered charity in United States, based in Arlington, MA. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Caring Arms Inc reported income of $426k and spending of $26k, leaving 94% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $847k to $426k (-50%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 4.8% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Caring Arms Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include Pulsera Project ($426k), Powerquest Worldwide Ltd ($426k) and Tahoe Yacht Club Foundation Inc ($426k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.