Open Arms Care Corporation
Fiscal Year
No current fiscal year information is available at this time.
Organizational Budgets and Other Documents
IRS Letter of Exemption
| Open Arms Care Corporation IRS Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $57,379,282.00 | $55,580,961.00 | |
| Total Expenses | $56,803,623.00 | $56,765,728.00 | |
| Revenue Less Expenses | ($-0.00) | $575,659.00 | ($1,184,767.00) |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $0.00 | $10,000.00 | |
| Contributions, Gifts, and Grants | $3,018.00 | $3,164.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $57,364,841.00 | $55,548,208.00 | |
| Investment Income, Net of Losses | $7,273.00 | $18,971.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $0.00 | $0.00 | |
| Revenue In-Kind | $0.00 | $0.00 | |
| Other | $4,150.00 | $618.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $52,212,473.00 | $52,154,312.00 | |
| Administration Expense | $4,591,150.00 | $4,611,416.00 | |
| Fundraising Expense | $0.00 | $0.00 | |
| Total Revenue/Total Expenses | 101% | 98% | |
| Program Expense/Total Expenses | 92% | 92% | |
| Fundraising Expense/Contributed Revenue | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Program Revenue $57,364,841.00 | Program Revenue $55,548,208.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Investment Income $7,273.00 | Investment Income $18,971.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Other Revenue $4,150.00 | Government Grants $10,000.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $14,259,217.00 | $13,754,116.00 | |
| Current Assets | $13,744,133.00 | $13,032,950.00 | |
| Long-Term Liabilities | $0.00 | $4,326,900.00 | |
| Current Liabilities | $10,356,785.00 | $6,179,876.00 | |
| Total Net Assets | $3,903,029.00 | $3,247,340.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2023
Form 990s
Audit Documents
Foundation Staff Comments
| Financial figures taken from the 990. Financial documents prepared by LBMC, PC. Comments provided by Hayley Sulfridge 11/8/22. |
