Open Arms Assisted Living
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 364,299 | 1,369 | 362,930 | 3181.3 | 0% |
| 2020 | 3,700,000 | 186,405 | 3,513,595 | 226.2 | 0% |
| 2021 | 527,158 | 1,095,640 | −568,482 | 31.6 | 21% |
| 2022 | 828,493 | 1,494,863 | −666,370 | 17.8 | 28% |
| 2023 | 972,922 | 2,657,757 | −1,684,835 | 2.4 | 15% |
In its most recent public year (2023), this organization spent $1,684,835 more than it brought in. Its reserves stood at about 2.4 months of spending, down from 3181.3 in 2018. Staff pay was 15% of spending.
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
Open Arms Assisted Living's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works