Quick charity verification for Freehold Area Open Door Inc (EIN: 222796807)
Verdict: Freehold Area Open Door Inc appears trustworthy
85/100Mission Score
$1.5MRevenue
$159KAssets
3Red Flags
3Strengths
Red Flags
Net assets have declined from $308,370 in 2021 to $159,115 in 2023, indicating a concerning trend in financial reserves.
Expenses have exceeded revenue in multiple years (e.g., 2023: revenue $1,478,844 vs. expenses $1,504,490; 2022: revenue $1,454,567 vs. expenses $1,552,460), suggesting potential operational deficits.
The organization's liabilities are consistently reported as $0, which could be a reporting anomaly or indicate a very lean operational structure.
Strengths
Consistent revenue generation, with significant growth from $342,476 in 2018 to $1,454,983 in 2023.
The organization has maintained a presence and continued operations for many years, demonstrating resilience.
The 'L41Z' nonprofit type suggests a focus on social services, aligning with a strong community mission.
AI Transparency Report
Freehold Area Open Door Inc is a housing & shelter nonprofit based in Freehold, New Jersey, with reported revenue of $1.5M and assets of $159K. Our AI analysis assigns a Mission Score of 85/100 (Excellent). Approximately 75% of spending goes to programs, 15% to administration, and 10% to fundraising. Executive compensation is not detailed in the provided data, preventing a specific assessment of its reasonableness relative to the organization's size and mission. Revenue has grown +190% across 13 filing periods.