Open Hearth Community Center
Open Hearth Community Center shows consistent revenue growth and no reported officer compensation.
EIN: 202835539 · Waitsfield, VT · NTEE: B90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $185K |
| Total Expenses | $185K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $258,282 |
| Net Assets | $119K |
| Transparency Score | 88/100 |
Is Open Hearth Community Center Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Open Hearth Community Center directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Open Hearth Community Center
Open Hearth Community Center (EIN: 202835539) is a nonprofit organization based in Waitsfield, VT, classified under NTEE code B90. The organization reported total revenue of $185K and total assets of $179K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Open Hearth Community Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Open Hearth Community Center is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $258K |
| Total Expenses | $185K |
| Surplus / Deficit | +$74K |
| Total Assets | $150K |
| Total Liabilities | $31K |
| Net Assets | $119K |
| Operating Margin | 28.6% |
| Debt-to-Asset Ratio | 20.4% |
| Months of Reserves | 9.8 months |
Financial Health Grade: A
In 2023, Open Hearth Community Center reported a surplus of $74K with revenue exceeding expenses, holds 9.8 months of operating reserves (strong position), has a debt-to-asset ratio of 20.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Open Hearth Community Center's revenue has grown at a compound annual growth rate (CAGR) of 8.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +45.1% | +21.4% | +79.4% |
| 2022 | +123.7% | +103.6% | +45.3% |
| 2021 | +169.7% | +93.2% | +9.5% |
| 2020 | -57.2% | -56.6% | -0.2% |
| 2019 | -5.0% | +35.0% | -21.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 Hearth Community Center with a Mission Score of 88 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 Hearth Community Center 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $74K, with revenue exceeding expenses.
- Debt-to-asset ratio: 20.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly favorable for a nonprofit of its size ($258,282 revenue in 2023) and suggests a volunteer-driven leadership model.
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 Hearth Community Center:
- Consistent revenue growth, especially in recent years (from $29,508 in 2020 to $258,282 in 2023).
- Zero reported officer compensation across all filings, indicating high efficiency and volunteer leadership.
- Healthy asset growth, increasing from $52,585 in 2020 to $150,094 in 2023.
- Consistent financial surpluses in most recent years (e.g., $73,771 surplus in 2023).
Frequently Asked Questions about Open Hearth Community Center
Is Open Hearth Community Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Open Hearth Community Center (EIN: 202835539) appears legitimate. Mission Score: 88/100. 0 red flags identified, 4 strengths noted.
How does Open Hearth Community Center spend its money?
Open Hearth Community Center directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Open Hearth Community Center tax-deductible?
Open Hearth Community Center is registered as a tax-exempt nonprofit (EIN: 202835539). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Open Hearth Community Center CEO make?
Open Hearth Community Center's highest-compensated officer earns $258,282 annually. The organization reported $185K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Open Hearth Community Center's spending goes to programs?
Open Hearth Community Center directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Open Hearth Community Center compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Open Hearth Community Center is above average for NTEE category B90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Open Hearth Community Center located?
Open Hearth Community Center is headquartered in Waitsfield, Vermont and files with the IRS under EIN 202835539. It is classified under NTEE code B90.
How many years of IRS 990 filings does Open Hearth Community Center have?
Open Hearth Community Center has 13 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 $185K in total revenue.
Is Open Hearth Community Center a good charity?
Based on the available data, Open Hearth Community Center appears to be a good charity. It demonstrates strong financial growth, maintains a healthy surplus, and reports 0% officer compensation, suggesting efficient use of funds for its mission.
How has Open Hearth Community Center's financial health changed over time?
The organization has shown significant financial growth, particularly in recent years. Revenue increased from $29,508 in 2020 to $258,282 in 2023, and assets grew from $52,585 in 2020 to $150,094 in 2023, indicating a positive trend in financial health and capacity.
Does Open Hearth Community Center spend efficiently?
The consistent reporting of 0% officer compensation strongly suggests efficient spending, as a significant portion of funds is not allocated to executive salaries. The organization also consistently generates a surplus, indicating good financial management.
Filing History
IRS 990 filing history for Open Hearth Community Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Open Hearth Community Center's revenue has grown by 175.6%, moving from $94K to $258K. Total assets increased by 227.3% over the same period, from $46K to $150K. Total functional expenses rose by 113%, from $87K to $185K. In its most recent filing year (2023), Open Hearth Community Center reported a surplus of $74K, with revenue exceeding expenses. The organization holds $31K in liabilities against $150K in assets (debt-to-asset ratio: 20.4%), resulting in net assets of $119K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $258K | $185K | $150K | $31K | — | — |
| 2022 | $178K | $152K | $84K | $0 | — | View 990 |
| 2021 | $80K | $75K | $58K | $0 | — | View 990 |
| 2020 | $30K | $39K | $53K | $34K | — | View 990 |
| 2019 | $69K | $89K | $53K | $25K | — | View 990 |
| 2018 | $73K | $66K | $67K | $19K | — | View 990 |
| 2017 | $91K | $89K | $55K | $13K | — | View 990 |
| 2016 | $85K | $82K | $53K | $14K | — | View 990 |
| 2015 | $93K | $95K | $52K | $15K | — | View 990 |
| 2014 | $92K | $92K | $49K | $12K | — | View 990 |
| 2013 | $88K | $86K | $50K | $13K | — | View 990 |
| 2012 | $89K | $93K | $43K | $8K | — | View 990 |
| 2011 | $94K | $87K | $46K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $258K, expenses of $185K, and assets of $150K (revenue +45.1% year-over-year).
- 2022: Revenue of $178K, expenses of $152K, and assets of $84K (revenue +123.7% year-over-year).
- 2021: Revenue of $80K, expenses of $75K, and assets of $58K (revenue +169.7% year-over-year).
- 2020: Revenue of $30K, expenses of $39K, and assets of $53K (revenue -57.2% year-over-year).
- 2019: Revenue of $69K, expenses of $89K, and assets of $53K (revenue -5.0% year-over-year).
- 2018: Revenue of $73K, expenses of $66K, and assets of $67K (revenue -20.4% year-over-year).
- 2017: Revenue of $91K, expenses of $89K, and assets of $55K (revenue +7.8% year-over-year).
- 2016: Revenue of $85K, expenses of $82K, and assets of $53K (revenue -9.4% year-over-year).
- 2015: Revenue of $93K, expenses of $95K, and assets of $52K (revenue +1.2% year-over-year).
- 2014: Revenue of $92K, expenses of $92K, and assets of $49K (revenue +5.2% year-over-year).
- 2013: Revenue of $88K, expenses of $86K, and assets of $50K (revenue -1.7% year-over-year).
- 2012: Revenue of $89K, expenses of $93K, and assets of $43K (revenue -4.8% year-over-year).
- 2011: Revenue of $94K, expenses of $87K, and assets of $46K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Open Hearth Community Center:
Data Sources and Methodology
This transparency report for Open Hearth Community Center 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.