Open Arms Care Foundation
Open Arms Care Foundation consistently grows assets with extremely low expenses and no officer compensation.
EIN: 141920800 · Brentwood, TN · NTEE: L11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $147K |
| Total Expenses | $15K |
| Program Spending | 95% |
| Net Assets | $683K |
| Transparency Score | 95/100 |
Is Open Arms Care Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Open Arms Care Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Open Arms Care Foundation
Open Arms Care Foundation (EIN: 141920800) is a nonprofit organization based in Brentwood, TN, classified under NTEE code L11. The organization reported total revenue of $147K and total assets of $819K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Open Arms Care Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Open Arms Care Foundation is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $157K |
| Total Expenses | $15K |
| Surplus / Deficit | +$142K |
| Total Assets | $690K |
| Total Liabilities | $7K |
| Net Assets | $683K |
| Operating Margin | 90.4% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 545.8 months |
Financial Health Grade: A
In 2023, Open Arms Care Foundation reported a surplus of $142K with revenue exceeding expenses, holds 545.8 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Open Arms Care Foundation's revenue has grown at a compound annual growth rate (CAGR) of 11.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +74.3% | +114.4% | +27.3% |
| 2022 | +35.1% | -2.1% | +17.9% |
| 2021 | +13.1% | +4.2% | +15.5% |
| 2020 | +26.6% | -34.0% | +12.9% |
| 2019 | +54.4% | +5.1% | +12.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Open Arms Care Foundation with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Open Arms Care Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $142K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not compensated, which is highly favorable for a nonprofit of its size and contributes to its low overall expense ratio.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Open Arms Care Foundation:
- Exceptional financial efficiency with very low expense-to-revenue ratio (e.g., 2023 expenses were only 9.6% of revenue).
- Consistent and significant asset growth over the past decade (from $195,589 in 2014 to $689,836 in 2023).
- Zero officer compensation reported across all filings, indicating strong commitment to mission and low overhead.
- Very low liabilities relative to assets, suggesting strong financial stability (e.g., $6,790 liabilities vs. $689,836 assets in 2023).
- Strong program focus implied by minimal operational expenses and asset accumulation.
Frequently Asked Questions about Open Arms Care Foundation
Is Open Arms Care Foundation a legitimate charity?
Open Arms Care Foundation (EIN: 141920800) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $147K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Open Arms Care Foundation spend its money?
Open Arms Care Foundation directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Open Arms Care Foundation tax-deductible?
Open Arms Care Foundation is registered as a tax-exempt nonprofit (EIN: 141920800). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Open Arms Care Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Open Arms Care Foundation is above average for NTEE category L11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Open Arms Care Foundation located?
Open Arms Care Foundation is headquartered in Brentwood, Tennessee and files with the IRS under EIN 141920800. It is classified under NTEE code L11.
How many years of IRS 990 filings does Open Arms Care Foundation have?
Open Arms Care Foundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $147K in total revenue.
Is Open Arms Care Foundation a good charity?
Based on its financial filings, Open Arms Care Foundation appears to be a very good charity. It demonstrates exceptional financial efficiency, consistent asset growth, and a strong commitment to its mission by keeping expenses extremely low and not compensating officers.
How has Open Arms Care Foundation's financial health changed over time?
The organization's financial health has significantly improved over time, with revenue growing from $77,242 in 2014 to $157,440 in 2023, and assets increasing from $195,589 to $689,836 in the same period. Expenses have remained remarkably low relative to revenue, indicating sustained efficiency.
What is Open Arms Care Foundation's spending efficiency?
Open Arms Care Foundation exhibits extremely high spending efficiency. For example, in 2023, expenses were only $15,168 against $157,440 in revenue, meaning less than 10% of its revenue was spent on operations, allowing a significant portion to be retained or directly applied to its mission.
Filing History
IRS 990 filing history for Open Arms Care Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Open Arms Care Foundation's revenue has grown by 264.4%, moving from $43K to $157K. Total assets increased by 253% over the same period, from $195K to $690K. Total functional expenses fell by 53.8%, from $33K to $15K. In its most recent filing year (2023), Open Arms Care Foundation reported a surplus of $142K, with revenue exceeding expenses. The organization holds $7K in liabilities against $690K in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $683K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $157K | $15K | $690K | $7K | — | View 990 |
| 2022 | $90K | $7K | $542K | $1K | — | View 990 |
| 2021 | $67K | $7K | $460K | $2K | — | View 990 |
| 2020 | $59K | $7K | $398K | $121 | — | — |
| 2019 | $47K | $11K | $352K | $7K | — | View 990 |
| 2018 | $30K | $10K | $312K | $3K | — | View 990 |
| 2017 | $40K | $32K | $308K | $19K | — | View 990 |
| 2016 | $86K | $52K | $292K | $10K | — | View 990 |
| 2015 | $85K | $21K | $249K | $2K | — | View 990 |
| 2014 | $77K | $60K | $196K | $13K | — | View 990 |
| 2013 | $46K | $44K | $167K | $2K | — | View 990 |
| 2012 | $46K | $76K | $164K | $489 | — | View 990 |
| 2011 | $43K | $33K | $195K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $157K, expenses of $15K, and assets of $690K (revenue +74.3% year-over-year).
- 2022: Revenue of $90K, expenses of $7K, and assets of $542K (revenue +35.1% year-over-year).
- 2021: Revenue of $67K, expenses of $7K, and assets of $460K (revenue +13.1% year-over-year).
- 2020: Revenue of $59K, expenses of $7K, and assets of $398K (revenue +26.6% year-over-year).
- 2019: Revenue of $47K, expenses of $11K, and assets of $352K (revenue +54.4% year-over-year).
- 2018: Revenue of $30K, expenses of $10K, and assets of $312K (revenue -23.5% year-over-year).
- 2017: Revenue of $40K, expenses of $32K, and assets of $308K (revenue -54.2% year-over-year).
- 2016: Revenue of $86K, expenses of $52K, and assets of $292K (revenue +1.0% year-over-year).
- 2015: Revenue of $85K, expenses of $21K, and assets of $249K (revenue +10.6% year-over-year).
- 2014: Revenue of $77K, expenses of $60K, and assets of $196K (revenue +67.3% year-over-year).
- 2013: Revenue of $46K, expenses of $44K, and assets of $167K (revenue -0.4% year-over-year).
- 2012: Revenue of $46K, expenses of $76K, and assets of $164K (revenue +7.3% year-over-year).
- 2011: Revenue of $43K, expenses of $33K, and assets of $195K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Open Arms Care Foundation:
Data Sources and Methodology
This transparency report for Open Arms Care Foundation 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.