Caring Arms INC FY2021 filing

Tax-deductible

Arlington, MA501(c)(3)Since 2021Foundations & GrantmakersEIN 87-3246333Revenue $847K in FY2021

On file with the IRS7 Oakledge St, 02474-2628 · Arlington, MATax-exempt since Jun 2022Publicly supported — 509(a)(2)

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Caring Arms INC has been organized to provide charitable giving to qualifying non profit organizations and similar exempt programs, as well as provide benevolent assistance to those in need

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $526K a year · 92% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
588 mo
of spending, in cash
Looks good: 588.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$847K
Spent
$4K
To programs
0%
Net assets
$845K
By yearFY2021–FY2025
Revenue
$847K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$847K
FY2022$705K
FY2023$426K
FY2024$393K
FY2025$482K
Expenses
$4K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$4K
FY2022$66K
FY2023$26K
FY2024$23K
FY2025$103K
Net assets
$845K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$845K
FY2022$1.5M
FY2023$2.0M
FY2024$2.6M
FY2025$3.5M

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Management & general 100% · $4K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Caring Arms INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides charitable giving to qualifying nonprofits and benevolent assistance to those in need.

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Provided by the organization

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1 program · in their own filed words · FY2021
01

Caring Arms, Inc has been organized to provide charitable giving to qualifying nonprofit organizations and similar exempt programs, as well as provide benevolent assistance to individuals in need. In 2021, the organization laid the groundwork to launch its programs in a future tax year.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$847K
Ln 12
Gifts and grantsLn 1h$838K
Investment incomeLn 3$9K
Money outPt IX
$4K
Ln 25
Managementcol C$4K
Owns and owesPt X
$845K
net assets · Ln 32
Cash and savingsLn 1–2$181K
Total assetsLn 16$845K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$838K
Noncash giftsLn 1g$631K
Investment incomeLn 3$9K
Total revenueLn 12$847K
Assets in detailPt X, end of year
CashLn 1$181K
Cash and savings togetherLn 1–2$181K
InvestmentsLn 11–13$663K
Total assetsLn 16$845K
LiabilitiesLn 26$0
Net assetsLn 32$845K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$181K
InvestmentsLn 11–13$663K
Total assetsLn 16$0$845K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$845K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$3K$3K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$100$100
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$300$300
TravelLn 17$300$300
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
All other expensesLn 24e$0
Total functional expensesLn 25$4K$0$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $482K$103K$379K$3.5M 990 PDF
FY2024 $393K$23K$370K$2.6M 990 PDF
FY2023 $426K$26K$400K$2.0M 990 PDF
FY2022 $705K$66K$639K$1.5M 990 PDF
FY2021 Viewing $847K$4K$843K$845K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $846,702 revenue, 12 lines filed
I-8 Contributions and grants$837,807
I-9 Program service revenue$0
I-10 Investment income$8,895
I-11 Other revenue$0
I-12 Total revenue$846,702
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$3,700
I-18 Total expenses$3,700
I-19 Revenue less expenses$843,002
Part VI · Governance 3 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $846,702 across 5 lines filed
Lines not itemized here account for $20 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$837,807
VIII-1g Noncash contributions (included above)$631,412
VIII-1h Total contributions, gifts and grants$837,807
VIII-3 Investment incomeExcluded from tax $8,875$8,875
VIII-12 Total revenueExcluded from tax $8,895$846,702
Part IX · Statement of functional expenses $3,700 across 29 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $3,000$3,000
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $100$100
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyManagement $300$300
IX-17 TravelManagement $300$300
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $0 · Management $3,700 · Fundraising $0$3,700
Part X · Balance sheet $844,737 assets, 7 lines filed
X-1 Cash, non-interest-bearing$181,405
X-11 Publicly traded securities$663,332
X-16 Total assetsStart of year $0$844,737
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$844,737
X-32 Total net assets or fund balancesStart of year $0$844,737
X-33 Total liabilities and net assetsStart of year $0$844,737
Part XI · Reconciliation of net assets $844,737 net assets at year end
XI-1 Total revenue$846,702
XI-2 Total expenses$3,700
XI-3 Revenue less expenses$843,002
XI-5 Net unrealized gains (losses) on investments$1,735
XI-10 Net assets at end of year$844,737

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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