Open Avenues Foundation
EIN: 822344731 · Boston, MA · NTEE: S40
| Metric | Value |
|---|---|
| Total Revenue | $4.3M |
| Total Expenses | $4.3M |
| Net Assets | $377K |
Is Open Avenues Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Open Avenues Foundation
Open Avenues Foundation (EIN: 822344731) is a nonprofit organization based in Boston, MA, classified under NTEE code S40. The organization reported total revenue of $4.3M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Open Avenues Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Open Avenues Foundation is a mid-size nonprofit that has been operating for 9 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 72.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.2M |
| Total Expenses | $4.3M |
| Surplus / Deficit | $-33,723 |
| Total Assets | $745K |
| Total Liabilities | $368K |
| Net Assets | $377K |
| Operating Margin | -0.8% |
| Debt-to-Asset Ratio | 49.4% |
| Months of Reserves | 2.1 months |
Financial Health Grade: C
In 2023, Open Avenues Foundation reported a deficit of $34K with expenses exceeding revenue, holds 2.1 months of operating reserves (limited), has a debt-to-asset ratio of 49.4% (moderate leverage).
Financial Trends
Over 6 years of filings (2018–2023), Open Avenues Foundation's revenue has grown at a compound annual growth rate (CAGR) of 72.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +108.9% | +124.9% | +50.8% |
| 2022 | +114.6% | +164.4% | +54.6% |
| 2021 | +392.4% | +275.5% | +313.9% |
| 2020 | +57.1% | +2.4% | +0.6% |
| 2019 | -56.2% | +24.1% | -45.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2800 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Open Avenues Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Open Avenues Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $34K, with expenses exceeding revenue.
- Debt-to-asset ratio: 49.4%.
Frequently Asked Questions about Open Avenues Foundation
Is Open Avenues Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Open Avenues Foundation (EIN: 822344731) insufficient data. 0 red flags identified, 0 strengths noted.
How does Open Avenues Foundation spend its money?
Detailed spending breakdown data is not yet available for Open Avenues Foundation. Check back for updated IRS 990 analysis.
Are donations to Open Avenues Foundation tax-deductible?
Open Avenues Foundation is registered as a tax-exempt nonprofit (EIN: 822344731). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Open Avenues Foundation located?
Open Avenues Foundation is headquartered in Boston, Massachusetts and files with the IRS under EIN 822344731. It is classified under NTEE code S40.
How many years of IRS 990 filings does Open Avenues Foundation have?
Open Avenues Foundation has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.3M in total revenue.
Filing History
IRS 990 filing history for Open Avenues Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Open Avenues Foundation's revenue has grown by 1418.1%, moving from $280K to $4.2M. Total assets increased by 425.4% over the same period, from $142K to $745K. Total functional expenses rose by 2737.9%, from $151K to $4.3M. In its most recent filing year (2023), Open Avenues Foundation reported a deficit of $34K, with expenses exceeding revenue. The organization holds $368K in liabilities against $745K in assets (debt-to-asset ratio: 49.4%), resulting in net assets of $377K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.2M | $4.3M | $745K | $368K | — | View 990 |
| 2022 | $2.0M | $1.9M | $494K | $83K | — | View 990 |
| 2021 | $947K | $719K | $319K | $38K | — | View 990 |
| 2020 | $192K | $192K | $77K | $12K | — | View 990 |
| 2019 | $122K | $187K | $77K | $13K | — | View 990 |
| 2018 | $280K | $151K | $142K | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.2M, expenses of $4.3M, and assets of $745K (revenue +108.9% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.9M, and assets of $494K (revenue +114.6% year-over-year).
- 2021: Revenue of $947K, expenses of $719K, and assets of $319K (revenue +392.4% year-over-year).
- 2020: Revenue of $192K, expenses of $192K, and assets of $77K (revenue +57.1% year-over-year).
- 2019: Revenue of $122K, expenses of $187K, and assets of $77K (revenue -56.2% year-over-year).
- 2018: Revenue of $280K, expenses of $151K, and assets of $142K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Open Avenues Foundation:
Data Sources and Methodology
This transparency report for Open Avenues Foundation 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.