Open Door Foundation Inc

Is Open Door Foundation Inc Legit?

Some Concerns

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

Open Door Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Open Door Foundation Inc

Open Door Foundation Inc (EIN: 133598184) is a nonprofit organization based in Ossining, NY, classified under NTEE code T99Z. The organization reported total revenue of $4.2M and total assets of $16.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Open Door Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Open Door Foundation Inc with a Mission Score of 90 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: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, Open Door Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual and suggests a volunteer-led or externally funded leadership structure, or that compensation is reported under other expense categories.

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 Open Door Foundation Inc's IRS 990 filings:

• Increasing liabilities in recent years, reaching $3,105,730 in 2023, warrant further investigation.
• 0% officer compensation is unusual and might indicate compensation is reported under other expense categories or a fully volunteer leadership, which could pose sustainability questions.

Strengths

The following positive indicators were identified for Open Door Foundation Inc:

• Consistent and significant revenue growth, from $894,812 in 2014 to $3,639,814 in 2023.
• Strong asset growth, from $9,007,260 in 2014 to $16,369,596 in 2023, indicating financial stability.
• Healthy surplus generation, with revenue consistently exceeding expenses (e.g., $3,639,814 revenue vs. $2,739,215 expenses in 2023).
• No reported officer compensation, suggesting a strong focus on mission and efficient use of funds for program delivery.

Frequently Asked Questions about Open Door Foundation Inc

Filing History

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

Over 13 years of IRS 990 filings (2011–2023), Open Door Foundation Inc's revenue has grown by 176.7%, moving from $1.3M to $3.6M. Total assets increased by 161.7% over the same period, from $6.3M to $16.4M. Total functional expenses rose by 397.1%, from $551K to $2.7M. In its most recent filing year (2023), Open Door Foundation Inc reported a surplus of $901K, with revenue exceeding expenses. The organization holds $3.1M in liabilities against $16.4M in assets (debt-to-asset ratio: 19.0%), resulting in net assets of $13.3M.

Year-by-Year Financial Summary

• 2023: Revenue of $3.6M, expenses of $2.7M, and assets of $16.4M (revenue +24.8% year-over-year).
• 2022: Revenue of $2.9M, expenses of $2.4M, and assets of $12.6M (revenue +20.6% year-over-year).
• 2021: Revenue of $2.4M, expenses of $1.8M, and assets of $13.0M (revenue +28.0% year-over-year).
• 2020: Revenue of $1.9M, expenses of $1.5M, and assets of $11.9M (revenue -44.8% year-over-year).
• 2019: Revenue of $3.4M, expenses of $1.1M, and assets of $10.6M (revenue +180.9% year-over-year).
• 2018: Revenue of $1.2M, expenses of $1.1M, and assets of $8.9M (revenue -9.5% year-over-year).
• 2017: Revenue of $1.3M, expenses of $1.1M, and assets of $9.1M (revenue +30.2% year-over-year).
• 2016: Revenue of $1.0M, expenses of $1.0M, and assets of $8.6M (revenue +62.6% year-over-year).
• 2015: Revenue of $637K, expenses of $883K, and assets of $8.4M (revenue -28.9% year-over-year).
• 2014: Revenue of $895K, expenses of $708K, and assets of $9.0M (revenue +1.2% year-over-year).
• 2013: Revenue of $884K, expenses of $657K, and assets of $8.4M (revenue -12.2% year-over-year).
• 2012: Revenue of $1.0M, expenses of $559K, and assets of $7.1M (revenue -23.4% year-over-year).
• 2011: Revenue of $1.3M, expenses of $551K, and assets of $6.3M.

Data Sources and Methodology

This transparency report for Open Door Foundation 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.