Freehold Area Open Door Inc

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Freehold Area Open Door Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Freehold Area Open Door Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Freehold Area Open Door Inc in one place.

Is Freehold Area Open Door Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Where the Money Comes From and Where It Goes

Across stored filings, Freehold Area Open Door Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Freehold Area Open Door Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Freehold Area Open Door Inc

Freehold Area Open Door Inc (EIN: 222796807) is a nonprofit organization based in Freehold, NJ, classified under NTEE code L41Z. The organization reported total revenue of $1.5M and total assets of $159K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Freehold Area Open Door Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Freehold Area Open Door Inc is a mid-size nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.3%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: C

In 2023, Freehold Area Open Door Inc reported a deficit of $26K with expenses exceeding revenue, holds 1.4 months of operating reserves (limited).

Financial Trends

Over 13 years of filings (2011–2023), Freehold Area Open Door Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.3%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Freehold Area Open Door Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 15%
• programs: 75%
• fundraising: 10%

According to IRS 990 filings, Freehold Area Open Door Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $26K, with expenses exceeding revenue.

Executive Compensation Analysis

Executive compensation is not detailed in the provided data, preventing a specific assessment of its reasonableness relative to the organization's size and mission.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Freehold Area Open Door Inc's IRS 990 filings:

• 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

The following positive indicators were identified for Freehold Area Open Door Inc:

• 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.

Frequently Asked Questions about Freehold Area Open Door Inc

Filing History

IRS 990 filing history for Freehold Area Open Door Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Freehold Area Open Door Inc's revenue has grown by 190.3%, moving from $509K to $1.5M. Total assets decreased by 12.2% over the same period, from $206K to $181K. Total functional expenses rose by 209.1%, from $487K to $1.5M. In its most recent filing year (2023), Freehold Area Open Door Inc reported a deficit of $26K, with expenses exceeding revenue.

Year-by-Year Financial Summary

• 2023: Revenue of $1.5M, expenses of $1.5M, and assets of $181K (revenue +1.7% year-over-year).
• 2022: Revenue of $1.5M, expenses of $1.6M, and assets of $206K (revenue +52.5% year-over-year).
• 2021: Revenue of $954K, expenses of $933K, and assets of $308K (revenue +28.0% year-over-year).
• 2020: Revenue of $745K, expenses of $666K, and assets of $296K (revenue +67.8% year-over-year).
• 2019: Revenue of $444K, expenses of $473K, and assets of $209K (revenue +29.7% year-over-year).
• 2018: Revenue of $342K, expenses of $364K, and assets of $237K (revenue -17.0% year-over-year).
• 2017: Revenue of $413K, expenses of $415K, and assets of $260K (revenue -14.5% year-over-year).
• 2016: Revenue of $483K, expenses of $417K, and assets of $262K (revenue +5.2% year-over-year).
• 2015: Revenue of $459K, expenses of $516K, and assets of $196K (revenue -12.1% year-over-year).
• 2014: Revenue of $522K, expenses of $525K, and assets of $253K (revenue -0.9% year-over-year).
• 2013: Revenue of $527K, expenses of $521K, and assets of $256K (revenue +2.6% year-over-year).
• 2012: Revenue of $513K, expenses of $469K, and assets of $250K (revenue +0.8% year-over-year).
• 2011: Revenue of $509K, expenses of $487K, and assets of $206K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Freehold Area Open Door Inc:

Data Sources and Methodology

This transparency report for Freehold Area Open Door Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.