Open Hearts Open Minds
EIN: 392053712 · Portland, OR · NTEE: I43
| Metric | Value |
|---|---|
| Total Revenue | $205K |
| Total Expenses | $165K |
| Net Assets | $158K |
Is Open Hearts Open Minds Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Open Hearts Open Minds
Open Hearts Open Minds (EIN: 392053712) is a nonprofit organization based in Portland, OR, classified under NTEE code I43. The organization reported total revenue of $205K and total assets of $175K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Open Hearts Open Minds's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Open Hearts Open Minds is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $197K |
| Total Expenses | $165K |
| Surplus / Deficit | +$32K |
| Total Assets | $160K |
| Total Liabilities | $1K |
| Net Assets | $158K |
| Operating Margin | 16.1% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 11.6 months |
Financial Health Grade: A
In 2023, Open Hearts Open Minds reported a surplus of $32K with revenue exceeding expenses, holds 11.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Open Hearts Open Minds's revenue has grown at a compound annual growth rate (CAGR) of 15.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.6% | +37.5% | +17.4% |
| 2022 | +24.2% | +8.8% | +27.0% |
| 2021 | +10.4% | -26.1% | +9.5% |
| 2020 | -36.8% | +36.4% | -29.8% |
| 2019 | +66.4% | +4.3% | +92.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Open Hearts Open Minds 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 Hearts Open Minds 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 $32K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.9%.
Frequently Asked Questions about Open Hearts Open Minds
Is Open Hearts Open Minds a legitimate charity?
Open Hearts Open Minds (EIN: 392053712) is a registered tax-exempt nonprofit based in Oregon. It has 13 years of IRS 990 filings on record. Total revenue: $205K. No red flags identified. Financial health grade: A.
How does Open Hearts Open Minds spend its money?
Open Hearts Open Minds reported $205K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Open Hearts Open Minds tax-deductible?
Open Hearts Open Minds is registered as a tax-exempt nonprofit (EIN: 392053712). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Open Hearts Open Minds located?
Open Hearts Open Minds is headquartered in Portland, Oregon and files with the IRS under EIN 392053712. It is classified under NTEE code I43.
How many years of IRS 990 filings does Open Hearts Open Minds have?
Open Hearts Open Minds 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 $205K in total revenue.
Filing History
IRS 990 filing history for Open Hearts Open Minds showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Open Hearts Open Minds's revenue has grown by 435.7%, moving from $37K to $197K. Total assets increased by 1730% over the same period, from $9K to $160K. Total functional expenses rose by 601.1%, from $24K to $165K. In its most recent filing year (2023), Open Hearts Open Minds reported a surplus of $32K, with revenue exceeding expenses. The organization holds $1K in liabilities against $160K in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $158K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $197K | $165K | $160K | $1K | — | View 990 |
| 2022 | $149K | $120K | $136K | $2K | — | View 990 |
| 2021 | $120K | $110K | $107K | $2K | — | — |
| 2020 | $109K | $149K | $98K | $3K | — | — |
| 2019 | $173K | $109K | $139K | $3K | — | View 990 |
| 2018 | $104K | $105K | $73K | $0 | — | View 990 |
| 2017 | $83K | $83K | $74K | $0 | — | View 990 |
| 2016 | $70K | $54K | $75K | $0 | — | View 990 |
| 2015 | $112K | $61K | $60K | $0 | — | View 990 |
| 2014 | $37K | $38K | $7K | $0 | — | View 990 |
| 2013 | $41K | $44K | $8K | $0 | — | View 990 |
| 2012 | $35K | $33K | $10K | $0 | — | View 990 |
| 2011 | $37K | $24K | $9K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $197K, expenses of $165K, and assets of $160K (revenue +31.6% year-over-year).
- 2022: Revenue of $149K, expenses of $120K, and assets of $136K (revenue +24.2% year-over-year).
- 2021: Revenue of $120K, expenses of $110K, and assets of $107K (revenue +10.4% year-over-year).
- 2020: Revenue of $109K, expenses of $149K, and assets of $98K (revenue -36.8% year-over-year).
- 2019: Revenue of $173K, expenses of $109K, and assets of $139K (revenue +66.4% year-over-year).
- 2018: Revenue of $104K, expenses of $105K, and assets of $73K (revenue +24.6% year-over-year).
- 2017: Revenue of $83K, expenses of $83K, and assets of $74K (revenue +19.4% year-over-year).
- 2016: Revenue of $70K, expenses of $54K, and assets of $75K (revenue -37.9% year-over-year).
- 2015: Revenue of $112K, expenses of $61K, and assets of $60K (revenue +205.7% year-over-year).
- 2014: Revenue of $37K, expenses of $38K, and assets of $7K (revenue -10.7% year-over-year).
- 2013: Revenue of $41K, expenses of $44K, and assets of $8K (revenue +17.3% year-over-year).
- 2012: Revenue of $35K, expenses of $33K, and assets of $10K (revenue -4.4% year-over-year).
- 2011: Revenue of $37K, expenses of $24K, and assets of $9K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Open Hearts Open Minds:
Data Sources and Methodology
This transparency report for Open Hearts Open Minds 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.