Quick charity verification for Opencape Corporation (EIN: 208670761)
Verdict: Opencape Corporation shows mixed signals
60/100Mission Score
$5.2MRevenue
$22.2MAssets
3Red Flags
2Strengths
Red Flags
Consistent operating deficits since 2017, with expenses exceeding revenue in most recent years (e.g., $5.6M expenses vs $4.7M revenue in 2023).
Significant decline in total assets from $32.7M in 2016 to $23.1M in 2023, indicating reliance on reserves to cover deficits.
Unusually low (0%) reported officer compensation for an organization with over $5 million in annual expenses, which may obscure actual leadership costs.
No reported officer compensation, suggesting a potential commitment to minimizing direct executive pay.
Spending Breakdown
How Opencape Corporation allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Opencape Corporation
Is Opencape Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Opencape Corporation (EIN: 208670761) shows mixed signals. Mission Score: 60/100. 3 red flags identified, 2 strengths noted.
Is Opencape Corporation a good charity to donate to?
Opencape Corporation has a Mission Score of 60/100. Revenue: $5.2M. Assets: $22.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Opencape Corporation?
The Employer Identification Number (EIN) for Opencape Corporation is 208670761. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Opencape Corporation spend its money?
Opencape Corporation allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Opencape Corporation's tax-exempt status?
You can verify Opencape Corporation's tax-exempt status using EIN 208670761 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Opencape Corporation exhibits a concerning trend of operating deficits, with expenses consistently exceeding revenue in recent years. For example, in 2023, expenses were $5,679,615 against revenues of $4,719,354, resulting in a deficit of nearly $1 million. This pattern has been observed since at least 2017, with the exception of 2016. While the organization maintains substantial assets ($23,113,800 in 2023), these deficits are drawing down its reserves, as evidenced by the decline in assets from $32,778,557 in 2016 to $23,113,800 in 2023. The consistent lack of reported officer compensation suggests a commitment to minimizing administrative overhead in that specific area, which is a positive indicator for transparency regarding executive pay. However, the overall financial sustainability is a significant concern given the persistent operating losses.