Flagler Open Arms Recovery Services Inc
EIN: 851112598 · Flagler Beach, FL
| Metric | Value |
|---|---|
| Total Revenue | $587K |
| Total Expenses | $463K |
| Net Assets | $174K |
Is Flagler Open Arms Recovery Services Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Flagler Open Arms Recovery Services Inc
Flagler Open Arms Recovery Services Inc (EIN: 851112598) is a nonprofit organization based in Flagler Beach, FL. The organization reported total revenue of $587K and total assets of $510K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Flagler Open Arms Recovery Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Flagler Open Arms Recovery Services Inc is a small nonprofit that has been operating for 6 years, with 2 years of IRS 990 filings on record (2021–2022). Revenue has grown at a compound annual rate of 136.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $532K |
| Total Expenses | $463K |
| Surplus / Deficit | +$70K |
| Total Assets | $193K |
| Total Liabilities | $18K |
| Net Assets | $174K |
| Operating Margin | 13.1% |
| Debt-to-Asset Ratio | 9.5% |
| Months of Reserves | 5.0 months |
Financial Health Grade: A
In 2022, Flagler Open Arms Recovery Services Inc reported a surplus of $70K with revenue exceeding expenses, holds 5.0 months of operating reserves (adequate), has a debt-to-asset ratio of 9.5% (very low leverage).
Financial Trends
Over 2 years of filings (2021–2022), Flagler Open Arms Recovery Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 136.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +136.2% | +212.4% | +149.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Flagler Open Arms Recovery Services Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Flagler Open Arms Recovery Services Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $70K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.5%.
Frequently Asked Questions about Flagler Open Arms Recovery Services Inc
Is Flagler Open Arms Recovery Services Inc a legitimate charity?
Flagler Open Arms Recovery Services Inc (EIN: 851112598) is a registered tax-exempt nonprofit based in Florida. It has 2 years of IRS 990 filings on record. Total revenue: $587K. No red flags identified. Financial health grade: A.
How does Flagler Open Arms Recovery Services Inc spend its money?
Flagler Open Arms Recovery Services Inc reported $587K in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Flagler Open Arms Recovery Services Inc tax-deductible?
Flagler Open Arms Recovery Services Inc is registered as a tax-exempt nonprofit (EIN: 851112598). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Flagler Open Arms Recovery Services Inc located?
Flagler Open Arms Recovery Services Inc is headquartered in Flagler Beach, Florida and files with the IRS under EIN 851112598.
How many years of IRS 990 filings does Flagler Open Arms Recovery Services Inc have?
Flagler Open Arms Recovery Services Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $587K in total revenue.
Filing History
IRS 990 filing history for Flagler Open Arms Recovery Services Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2021–2022), Flagler Open Arms Recovery Services Inc's revenue has grown by 136.2%, moving from $225K to $532K. Total assets increased by 149.8% over the same period, from $77K to $193K. Total functional expenses rose by 212.4%, from $148K to $463K. In its most recent filing year (2022), Flagler Open Arms Recovery Services Inc reported a surplus of $70K, with revenue exceeding expenses. The organization holds $18K in liabilities against $193K in assets (debt-to-asset ratio: 9.5%), resulting in net assets of $174K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $532K | $463K | $193K | $18K | — | View 990 |
| 2021 | $225K | $148K | $77K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Flagler Open Arms Recovery Services Inc:
Data Sources and Methodology
This transparency report for Flagler Open Arms Recovery Services Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.