Open Hands Foundation
Open Hands Foundation shows consistent revenue growth and zero officer compensation over eight years.
EIN: 200456778 · Excelsior, MN · NTEE: T30 · Updated: 2026-03-28
Is Open Hands Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Open Hands Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Open Hands Foundation
Open Hands Foundation (EIN: 200456778) is a nonprofit organization based in Excelsior, MN, classified under NTEE code T30. The organization reported total revenue of $664K and total assets of $607K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Open Hands Foundation'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 Hands Foundation 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Open Hands Foundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or directors received compensation from the organization. This suggests a volunteer-led or very lean administrative structure, maximizing funds available for programs.
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.
Strengths
The following positive indicators were identified for Open Hands Foundation:
- Consistent 0% officer compensation across all filings, indicating high program focus.
- Strong and consistent revenue growth over the past several years, from $246,232 in 2015 to $664,111 currently.
- Significant growth in assets, from $78,799 in 2017 to $606,837 currently, enhancing financial stability.
- Positive net assets (Assets exceeding Liabilities) in recent years, demonstrating financial health.
Frequently Asked Questions about Open Hands Foundation
Is Open Hands Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Open Hands Foundation (EIN: 200456778) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Open Hands Foundation spend its money?
Open Hands Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Open Hands Foundation tax-deductible?
Open Hands Foundation is registered as a tax-exempt nonprofit (EIN: 200456778). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Open Hands Foundation a good charity?
Based on the provided data, Open Hands Foundation appears to be a good charity. It demonstrates consistent revenue growth, increasing assets, and a notable commitment to its mission by reporting 0% officer compensation across all eight filings, suggesting a high proportion of funds are directed to programs.
How has Open Hands Foundation's revenue trended?
Open Hands Foundation's revenue has shown a positive trend, growing from $246,232 in 2015 to $382,347 in 2022, with the latest reported revenue at $664,111. This indicates a growing capacity to fund its operations.
What is the organization's asset growth like?
The organization's assets have grown significantly, from $282,653 in 2015 to $529,008 in 2022, and are currently reported at $606,837. This consistent asset growth suggests sound financial management and increasing financial stability.
Filing History
IRS 990 filing history for Open Hands Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2015–2022), Open Hands Foundation's revenue has grown by 55.3%, moving from $246K to $382K. Total assets increased by 87.2% over the same period, from $283K to $529K. Total functional expenses rose by 115.8%, from $147K to $317K. In its most recent filing year (2022), Open Hands Foundation reported a surplus of $65K, with revenue exceeding expenses. The organization holds $52K in liabilities against $529K in assets (debt-to-asset ratio: 9.9%), resulting in net assets of $477K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $382K | $317K | $529K | $52K | — | View 990 |
| 2021 | $444K | $271K | $426K | $15K | — | — |
| 2020 | $322K | $125K | $238K | $502 | — | View 990 |
| 2019 | $379K | $301K | $140K | $99K | — | View 990 |
| 2018 | $329K | $334K | $109K | $146K | — | View 990 |
| 2017 | $276K | $315K | $79K | $111K | — | View 990 |
| 2016 | $327K | $471K | $120K | $113K | — | View 990 |
| 2015 | $246K | $147K | $283K | $132K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $382K, expenses of $317K, and assets of $529K (revenue -13.9% year-over-year).
- 2021: Revenue of $444K, expenses of $271K, and assets of $426K (revenue +38.1% year-over-year).
- 2020: Revenue of $322K, expenses of $125K, and assets of $238K (revenue -15.2% year-over-year).
- 2019: Revenue of $379K, expenses of $301K, and assets of $140K (revenue +15.3% year-over-year).
- 2018: Revenue of $329K, expenses of $334K, and assets of $109K (revenue +19.1% year-over-year).
- 2017: Revenue of $276K, expenses of $315K, and assets of $79K (revenue -15.5% year-over-year).
- 2016: Revenue of $327K, expenses of $471K, and assets of $120K (revenue +32.8% year-over-year).
- 2015: Revenue of $246K, expenses of $147K, and assets of $283K.
Data Sources and Methodology
This transparency report for Open Hands 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.