Open Arms Lutheran Child Development Center
EIN: 582021623 · Alpharetta, GA · NTEE: B21
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.6M |
| Net Assets | $792K |
Is Open Arms Lutheran Child Development Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Open Arms Lutheran Child Development Center
Open Arms Lutheran Child Development Center (EIN: 582021623) is a nonprofit organization based in Alpharetta, GA, classified under NTEE code B21. The organization reported total revenue of $1.7M and total assets of $900K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Open Arms Lutheran Child Development Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Open Arms Lutheran Child Development Center is a mid-size nonprofit that has been operating for 5 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 14.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$443K |
| Total Assets | $952K |
| Total Liabilities | $160K |
| Net Assets | $792K |
| Operating Margin | 21.9% |
| Debt-to-Asset Ratio | 16.8% |
| Months of Reserves | 7.2 months |
Financial Health Grade: A
In 2023, Open Arms Lutheran Child Development Center reported a surplus of $443K with revenue exceeding expenses, holds 7.2 months of operating reserves (strong position), has a debt-to-asset ratio of 16.8% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Open Arms Lutheran Child Development Center's revenue has grown at a compound annual growth rate (CAGR) of 14.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +35.1% | +19.1% | +71.4% |
| 2022 | +31.0% | +23.1% | +175.3% |
| 2021 | +21.1% | +22.9% | +60.7% |
| 2020 | -21.3% | -26.6% | +28.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Open Arms Lutheran Child Development Center 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 Open Arms Lutheran Child Development Center 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $443K, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.8%.
Frequently Asked Questions about Open Arms Lutheran Child Development Center
Is Open Arms Lutheran Child Development Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Open Arms Lutheran Child Development Center (EIN: 582021623) insufficient data. 0 red flags identified, 0 strengths noted.
How does Open Arms Lutheran Child Development Center spend its money?
Detailed spending breakdown data is not yet available for Open Arms Lutheran Child Development Center. Check back for updated IRS 990 analysis.
Are donations to Open Arms Lutheran Child Development Center tax-deductible?
Open Arms Lutheran Child Development Center is registered as a tax-exempt nonprofit (EIN: 582021623). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Open Arms Lutheran Child Development Center located?
Open Arms Lutheran Child Development Center is headquartered in Alpharetta, Georgia and files with the IRS under EIN 582021623. It is classified under NTEE code B21.
How many years of IRS 990 filings does Open Arms Lutheran Child Development Center have?
Open Arms Lutheran Child Development Center has 5 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 $1.7M in total revenue.
Filing History
IRS 990 filing history for Open Arms Lutheran Child Development Center showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Open Arms Lutheran Child Development Center's revenue has grown by 68.8%, moving from $1.2M to $2.0M. Total assets increased by 871.9% over the same period, from $98K to $952K. Total functional expenses rose by 32.3%, from $1.2M to $1.6M. In its most recent filing year (2023), Open Arms Lutheran Child Development Center reported a surplus of $443K, with revenue exceeding expenses. The organization holds $160K in liabilities against $952K in assets (debt-to-asset ratio: 16.8%), resulting in net assets of $792K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $1.6M | $952K | $160K | — | — |
| 2022 | $1.5M | $1.3M | $555K | $207K | — | View 990 |
| 2021 | $1.1M | $1.1M | $202K | $24K | — | View 990 |
| 2020 | $944K | $877K | $125K | $13K | — | — |
| 2019 | $1.2M | $1.2M | $98K | $52K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $1.6M, and assets of $952K (revenue +35.1% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.3M, and assets of $555K (revenue +31.0% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.1M, and assets of $202K (revenue +21.1% year-over-year).
- 2020: Revenue of $944K, expenses of $877K, and assets of $125K (revenue -21.3% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.2M, and assets of $98K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Open Arms Lutheran Child Development Center:
Data Sources and Methodology
This transparency report for Open Arms Lutheran Child Development Center 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.