Open Arms Adoptions Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 581,617 | 521,404 | 60,213 | 2.0 | 50% |
| 2021 | 359,181 | 392,730 | −33,549 | 1.7 | 51% |
| 2022 | 988,498 | 1,124,980 | −136,482 | -0.7 | 50% |
| 2023 | 1,395,992 | 1,597,180 | −201,188 | -2.0 | 53% |
In its most recent public year (2023), this organization spent $201,188 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2 months), down from 2 in 2020. Staff pay was 53% of spending. $32,935 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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