Open Doors Inc
Open Doors Inc. shows strong growth and zero executive compensation, but faced a deficit in its latest fiscal year.
EIN: 113835381 · Harrisonburg, VA · NTEE: P85 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $662K |
| Total Expenses | $627K |
| Program Spending | 85% |
| Net Assets | $260K |
| Transparency Score | 90/100 |
Is Open Doors Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Open Doors Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Open Doors Inc
Open Doors Inc (EIN: 113835381) is a nonprofit organization based in Harrisonburg, VA, classified under NTEE code P85. The organization reported total revenue of $662K and total assets of $265K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Open Doors Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Open Doors Inc is a small nonprofit that has been operating for 18 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 12.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $565K |
| Total Expenses | $627K |
| Surplus / Deficit | $-61,259 |
| Total Assets | $280K |
| Total Liabilities | $20K |
| Net Assets | $260K |
| Operating Margin | -10.8% |
| Debt-to-Asset Ratio | 7.0% |
| Months of Reserves | 5.4 months |
Financial Health Grade: B
In 2024, Open Doors Inc reported a deficit of $61K with expenses exceeding revenue, holds 5.4 months of operating reserves (adequate), has a debt-to-asset ratio of 7.0% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Open Doors Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -13.2% | +36.6% | -19.0% |
| 2023 | +77.4% | +0.3% | +140.3% |
| 2022 | -27.4% | +11.5% | -38.3% |
| 2021 | +156.8% | +115.3% | +83.2% |
| 2020 | +31.0% | +39.5% | +5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Open Doors 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 Doors 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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $61K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.0%.
Executive Compensation Analysis
Open Doors Inc. consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries. This is highly commendable for a nonprofit of its size, demonstrating a strong commitment to directing resources towards its 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 Open Doors Inc's IRS 990 filings:
- Expenses exceeded revenue in the most recent fiscal period (202406), leading to a deficit of $61,259.
Strengths
The following positive indicators were identified for Open Doors Inc:
- Consistent 0% officer compensation across all 14 filings, indicating high efficiency and mission focus.
- Significant revenue growth from $132,924 in 2015 to $565,365 in 2024.
- Substantial asset growth from $45,059 in 2015 to $279,673 in 2024, building financial reserves.
- Positive net assets (Assets > Liabilities) in all reported periods, indicating solvency.
Frequently Asked Questions about Open Doors Inc
Is Open Doors Inc a legitimate charity?
Open Doors Inc (EIN: 113835381) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 90/100. It has 14 years of IRS 990 filings on record. Total revenue: $662K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Open Doors Inc spend its money?
Open Doors Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Open Doors Inc tax-deductible?
Open Doors Inc is registered as a tax-exempt nonprofit (EIN: 113835381). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Open Doors Inc's spending goes to programs?
Open Doors Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Open Doors Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Open Doors Inc is above average for NTEE category P85 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Open Doors Inc located?
Open Doors Inc is headquartered in Harrisonburg, Virginia and files with the IRS under EIN 113835381. It is classified under NTEE code P85.
How many years of IRS 990 filings does Open Doors Inc have?
Open Doors Inc has 14 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 $662K in total revenue.
Is Open Doors Inc. financially stable?
While Open Doors Inc. has shown significant revenue and asset growth over the past decade, the latest filing (202406) indicates expenses ($626,624) exceeded revenue ($565,365), resulting in a deficit. This suggests a need for careful financial management to maintain stability, despite a strong historical trend.
How efficient is Open Doors Inc. with its spending?
The organization appears highly efficient, as evidenced by its consistent reporting of 0% officer compensation across all 14 filings. This means all executive leadership is either volunteer or compensated through other means not reported as officer compensation, allowing more funds to go directly to programs.
Has Open Doors Inc. grown over time?
Yes, Open Doors Inc. has experienced substantial growth. Its revenue increased from $132,924 in 2015 to $565,365 in 2024, and assets grew from $45,059 in 2015 to $279,673 in 2024, demonstrating significant expansion in its operations and financial capacity.
Filing History
IRS 990 filing history for Open Doors Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Open Doors Inc's revenue has grown by 335.2%, moving from $130K to $565K. Total assets increased by 579.7% over the same period, from $41K to $280K. Total functional expenses rose by 585%, from $91K to $627K. In its most recent filing year (2024), Open Doors Inc reported a deficit of $61K, with expenses exceeding revenue. The organization holds $20K in liabilities against $280K in assets (debt-to-asset ratio: 7.0%), resulting in net assets of $260K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $565K | $627K | $280K | $20K | — | — |
| 2023 | $652K | $459K | $345K | $24K | — | View 990 |
| 2022 | $367K | $457K | $144K | $15K | — | View 990 |
| 2021 | $506K | $410K | $233K | $15K | — | View 990 |
| 2020 | $197K | $191K | $127K | $5K | — | View 990 |
| 2019 | $150K | $137K | $121K | $5K | — | View 990 |
| 2018 | $128K | $110K | $119K | $8K | — | View 990 |
| 2017 | $136K | $112K | $99K | $6K | — | View 990 |
| 2016 | $126K | $100K | $71K | $0 | — | View 990 |
| 2015 | $133K | $91K | $45K | $0 | — | View 990 |
| 2014 | $85K | $90K | $4K | $0 | — | View 990 |
| 2013 | $100K | $115K | $9K | $0 | — | View 990 |
| 2012 | $46K | $64K | $23K | $0 | — | View 990 |
| 2011 | $130K | $91K | $41K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $565K, expenses of $627K, and assets of $280K (revenue -13.2% year-over-year).
- 2023: Revenue of $652K, expenses of $459K, and assets of $345K (revenue +77.4% year-over-year).
- 2022: Revenue of $367K, expenses of $457K, and assets of $144K (revenue -27.4% year-over-year).
- 2021: Revenue of $506K, expenses of $410K, and assets of $233K (revenue +156.8% year-over-year).
- 2020: Revenue of $197K, expenses of $191K, and assets of $127K (revenue +31.0% year-over-year).
- 2019: Revenue of $150K, expenses of $137K, and assets of $121K (revenue +17.5% year-over-year).
- 2018: Revenue of $128K, expenses of $110K, and assets of $119K (revenue -5.8% year-over-year).
- 2017: Revenue of $136K, expenses of $112K, and assets of $99K (revenue +8.0% year-over-year).
- 2016: Revenue of $126K, expenses of $100K, and assets of $71K (revenue -5.4% year-over-year).
- 2015: Revenue of $133K, expenses of $91K, and assets of $45K (revenue +56.6% year-over-year).
- 2014: Revenue of $85K, expenses of $90K, and assets of $4K (revenue -15.5% year-over-year).
- 2013: Revenue of $100K, expenses of $115K, and assets of $9K (revenue +116.3% year-over-year).
- 2012: Revenue of $46K, expenses of $64K, and assets of $23K (revenue -64.2% year-over-year).
- 2011: Revenue of $130K, expenses of $91K, and assets of $41K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Open Doors Inc:
Data Sources and Methodology
This transparency report for Open Doors 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.