Open Arms Community Inc

Analysis

Open Arms Community Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in October 1974, 52 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Open Arms Community Inc reported income of $86k and spending of $84k, spending 98% of its income. Across the 3 years on record, from December 2020 to December 2023, income grew from $71k to $86k (+20%), an average of +9.6% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Open Arms Community Inc sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within NC. Charities of a similar size with the same main cause include The Frostburg Museum Assn Inc ($86k), Friends of the Santa Barbara Public Library ($86k) and Friends of the Livingston Library ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $479k against liabilities of $875, net assets of $479k.