Is Open Arms Clinic Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Open Arms Clinic Inc (EIN: 203296577) appears trustworthy. Mission Score: 95/100. 2 red flags identified, 5 strengths noted.

Is Open Arms Clinic Inc a good charity to donate to?

Open Arms Clinic Inc has a Mission Score of 95/100. Revenue: $1.2M. Assets: $322K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Open Arms Clinic Inc?

The Employer Identification Number (EIN) for Open Arms Clinic Inc is 203296577. This is the unique tax ID assigned by the IRS.

Is Open Arms Clinic Inc Legit? — Charity…

Red Flags

Unusually low liabilities, potentially indicating a cash-based operation or minimal debt, but also could suggest limited long-term investments or capital projects.
No reported officer compensation, which while positive for efficiency, can sometimes indicate a reliance on volunteers for key leadership roles, which may have sustainability implications for a large organization.

Strengths

Consistent 0% officer compensation, indicating high efficiency and dedication to mission.
Strong program spending focus, as implied by the lack of executive compensation.
Healthy asset growth, from $65,048 in 201512 to $414,158 in 202312, demonstrating financial stability.
Generally operates with a financial surplus, as seen in 202312 (Revenue $1,044,884 vs. Expenses $942,705).
Low liabilities across all reported periods, indicating minimal debt burden.

AI Transparency Report

Open Arms Clinic Inc demonstrates consistent financial health with a strong program focus. In the latest filing (202312), the organization reported revenues of $1,044,884 against expenses of $942,705, indicating a surplus. Over the past five years, revenues have fluctuated, peaking at $1,279,257 in 202012 and maintaining over $1 million in 202212 and 202312, suggesting a stable funding base. The organization's assets have grown significantly over time, from $65,048 in 201512 to $414,158 in 202312, demonstrating good financial management and capacity building.

The organization appears to be highly efficient in its spending, with a significant portion of its expenses likely directed towards its programs, given the absence of reported officer compensation. This suggests that resources are primarily allocated to direct services rather than administrative overhead or executive salaries. The consistent reporting of zero officer compensation across all available filings is a strong indicator of transparency and a commitment to maximizing program impact.

Overall, Open Arms Clinic Inc exhibits sound financial practices, a clear dedication to its mission through efficient resource allocation, and a high degree of transparency regarding executive compensation. Its financial stability and growth in assets further reinforce its capacity to deliver on its mission effectively.

Is Open Arms Clinic Inc Legit?

Verdict: Open Arms Clinic Inc appears trustworthy

Red Flags

Strengths

AI Transparency Report

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