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
Source Check Matrix
What Has Been Verified vs. What Needs Human Review
Identity resolved verified
Open Hands Foundation is mapped to EIN 200456778.
IRS BMF exempt record needs review
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IRS Pub 78 deductibility needs review
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IRS Form 990 index verified
8 stored filing years available.
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Filing depth verified
8 stored filing years available.
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Candid / GuideStar profile api pending
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Source and Resolution Links
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Workflow Engine
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Triggered by: 501(c)(3), tax deductible, EIN
IRS status check plus source links
Verify official evidence Runnable
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Official-source evidence matrix with human stops where a state portal must be checked.
Find source filings Runnable
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8 stored filing years plus ProPublica source
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80% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $664K |
| Total Expenses | $317K |
| Program Spending | 80% |
| Net Assets | $477K |
| Transparency Score | 85/100 |
Search Intent Cockpit
Open Hands Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Open Hands Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Open Hands Foundation in one place.
Form 990 Filing Summary
8 filing years are available, with latest revenue of $382K and expenses of $317K.
Revenue and Expenses
Open Hands Foundation reported $382K in revenue and $317K in expenses, a surplus of $65K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 0 red flags, and 4 strengths are shown from structured and AI review.
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 →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $254K (80%) |
Across stored filings, Open Hands Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade A | 8 stored filing years |
| Peer context | Compare with North American Lake Management Society | Minnesota and Philanthropy context |
Trust Check
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Excelsior, MN nonprofitsPhilanthropy in Minnesota
Public Benefit in Minnesota
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Research Workflow
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Request a concise report for Open Hands Foundation with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.
Early access request only. Reports and exports are informational and based on public IRS records, not financial or legal advice.
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.
Organization Overview
Open Hands Foundation is a small nonprofit that has been operating for 21 years, with 8 years of IRS 990 filings on record (2015–2022). Revenue has grown at a compound annual rate of 6.5%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $382K |
| Total Expenses | $317K |
| Surplus / Deficit | +$65K |
| Total Assets | $529K |
| Total Liabilities | $52K |
| Net Assets | $477K |
| Operating Margin | 17.1% |
| Debt-to-Asset Ratio | 9.9% |
| Months of Reserves | 20.0 months |
Financial Health Grade: A
In 2022, Open Hands Foundation reported a surplus of $65K with revenue exceeding expenses, holds 20.0 months of operating reserves (strong position), has a debt-to-asset ratio of 9.9% (very low leverage).
Financial Trends
Over 8 years of filings (2015–2022), Open Hands Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -13.9% | +17.0% | +24.1% |
| 2021 | +38.1% | +116.9% | +78.8% |
| 2020 | -15.2% | -58.6% | +69.8% |
| 2019 | +15.3% | -9.7% | +28.9% |
| 2018 | +19.1% | +5.8% | +38.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 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.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $65K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.9%.
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?
Open Hands Foundation (EIN: 200456778) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 85/100. It has 8 years of IRS 990 filings on record. Total revenue: $664K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Open Hands Foundation spend its money?
Open Hands Foundation directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
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.
What percentage of Open Hands Foundation's spending goes to programs?
Open Hands Foundation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Open Hands Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Open Hands Foundation is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Open Hands Foundation located?
Open Hands Foundation is headquartered in Excelsior, Minnesota and files with the IRS under EIN 200456778. It is classified under NTEE code T30.
How many years of IRS 990 filings does Open Hands Foundation have?
Open Hands Foundation has 8 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 $664K in total revenue.
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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Open Hands Foundation:
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.