Open Doors Partners In Education Inc
EIN: 852280696 · Chestertown, MD · NTEE: B92
| Metric | Value |
|---|---|
| Total Revenue | $256K |
| Total Expenses | $184K |
| Net Assets | $66K |
Is Open Doors Partners In Education Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Open Doors Partners In Education Inc
Open Doors Partners In Education Inc (EIN: 852280696) is a nonprofit organization based in Chestertown, MD, classified under NTEE code B92. The organization reported total revenue of $256K and total assets of $117K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Open Doors Partners In Education Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Open Doors Partners In Education Inc is a small nonprofit that has been operating for 6 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 140.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $189K |
| Total Expenses | $184K |
| Surplus / Deficit | +$4K |
| Total Assets | $66K |
| Total Liabilities | $195 |
| Net Assets | $66K |
| Operating Margin | 2.2% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 4.3 months |
Financial Health Grade: A
In 2023, Open Doors Partners In Education Inc reported a surplus of $4K with revenue exceeding expenses, holds 4.3 months of operating reserves (adequate), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), Open Doors Partners In Education Inc's revenue has grown at a compound annual growth rate (CAGR) of 140.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +65.6% | +83.7% | +7.0% |
| 2022 | +25.7% | +122.7% | +27.5% |
| 2021 | +568.1% | +313.4% | +1722.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Open Doors Partners In Education Inc 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 Doors Partners In Education Inc 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 surplus of $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Frequently Asked Questions about Open Doors Partners In Education Inc
Is Open Doors Partners In Education Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Open Doors Partners In Education Inc (EIN: 852280696) insufficient data. 0 red flags identified, 0 strengths noted.
How does Open Doors Partners In Education Inc spend its money?
Detailed spending breakdown data is not yet available for Open Doors Partners In Education Inc. Check back for updated IRS 990 analysis.
Are donations to Open Doors Partners In Education Inc tax-deductible?
Open Doors Partners In Education Inc is registered as a tax-exempt nonprofit (EIN: 852280696). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Open Doors Partners In Education Inc located?
Open Doors Partners In Education Inc is headquartered in Chestertown, Maryland and files with the IRS under EIN 852280696. It is classified under NTEE code B92.
How many years of IRS 990 filings does Open Doors Partners In Education Inc have?
Open Doors Partners In Education Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $256K in total revenue.
Filing History
IRS 990 filing history for Open Doors Partners In Education Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Open Doors Partners In Education Inc's revenue has grown by 1291%, moving from $14K to $189K. Total assets increased by 2386.5% over the same period, from $3K to $66K. Total functional expenses rose by 1591.5%, from $11K to $184K. In its most recent filing year (2023), Open Doors Partners In Education Inc reported a surplus of $4K, with revenue exceeding expenses. The organization holds $195 in liabilities against $66K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $66K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $189K | $184K | $66K | $195 | — | View 990 |
| 2022 | $114K | $100K | $62K | $0 | — | View 990 |
| 2021 | $91K | $45K | $48K | $172 | — | — |
| 2020 | $14K | $11K | $3K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $189K, expenses of $184K, and assets of $66K (revenue +65.6% year-over-year).
- 2022: Revenue of $114K, expenses of $100K, and assets of $62K (revenue +25.7% year-over-year).
- 2021: Revenue of $91K, expenses of $45K, and assets of $48K (revenue +568.1% year-over-year).
- 2020: Revenue of $14K, expenses of $11K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Open Doors Partners In Education Inc:
Data Sources and Methodology
This transparency report for Open Doors Partners In Education 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.