Is Open Door Fellowship Legit?

Open Door Fellowship demonstrates consistent financial stability with a positive net income in most recent years. In 2023, the organization reported revenue of $62,207 against expenses of $54,223, indicating a healthy surplus. Their assets have fluctuated, peaking at $104,595 in 2021 before settling at $15,641 in 2023. The organization consistently reports zero liabilities, which is a strong indicator of financial health and responsible management, avoiding debt. The absence of officer compensation across all reported periods suggests a volunteer-driven or very lean operational model, which can be highly efficient for program delivery. Spending efficiency appears high, particularly given the zero officer compensation. Without a detailed breakdown of expenses beyond total expenses, it's challenging to precisely allocate spending to programs, administration, and fundraising. However, the consistent surpluses and lack of debt suggest that funds are managed prudently. The organization's revenue has varied over the years, from a low of $24,194 in 2018 to a high of $112,716 in 2021, indicating some variability in funding streams. Despite these fluctuations, the organization has maintained positive net assets. Transparency is generally good through its consistent IRS 990 filings. The consistent reporting of zero liabilities and zero officer compensation across all available filings enhances trust. However, without more detailed expense breakdowns within the 990s (e.g., specific program service expenses vs. administrative costs), a full assessment of spending efficiency is limited. The organization's small size and volunteer-led structure likely contribute to its lean financial profile.