Open House Nursery School
Open House Nursery School consistently generates surpluses, growing assets, and reports no officer compensation.
EIN: 112912324 · Brooklyn, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $2.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $1.6M |
| Transparency Score | 85/100 |
Is Open House Nursery School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Open House Nursery School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Open House Nursery School
Open House Nursery School (EIN: 112912324) is a nonprofit organization based in Brooklyn, NY. The organization reported total revenue of $2.5M and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Open House Nursery School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Open House Nursery School is a mid-size nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$375K |
| Total Assets | $4.4M |
| Total Liabilities | $2.8M |
| Net Assets | $1.6M |
| Operating Margin | 14.6% |
| Debt-to-Asset Ratio | 63.6% |
| Months of Reserves | 24.4 months |
Financial Health Grade: A
In 2023, Open House Nursery School reported a surplus of $375K with revenue exceeding expenses, holds 24.4 months of operating reserves (strong position), has a debt-to-asset ratio of 63.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Open House Nursery School's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.0% | -0.1% | +100.0% |
| 2022 | +24.8% | +14.7% | +2.9% |
| 2021 | -25.8% | -12.5% | +26.4% |
| 2020 | +5.0% | -3.4% | -4.0% |
| 2019 | +3.3% | +4.3% | +15.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1989 |
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 House Nursery School 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: 85%
- fundraising: 5%
According to IRS 990 filings, Open House Nursery School 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 $375K, with revenue exceeding expenses.
- Debt-to-asset ratio: 63.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 across all available filings, indicating that no officers receive compensation from the organization, which is highly unusual for an organization of this size with over $2.5 million in annual revenue.
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.
Red Flags
The following concerns were identified during AI analysis of Open House Nursery School's IRS 990 filings:
- Significant increase in liabilities from $976,731 in 202208 to $2,824,675 in 202308 without clear explanation in summary data.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in summary data, limiting precise spending efficiency analysis.
Strengths
The following positive indicators were identified for Open House Nursery School:
- Consistent operating surpluses, contributing to asset growth (e.g., $2,563,178 revenue vs. $2,188,549 expenses in 202308).
- Strong asset base, reaching $4,444,738 in 202308.
- Zero reported officer compensation across all filings, indicating a strong commitment to mission-focused spending.
- Consistent filing history (13 filings), demonstrating good compliance and transparency.
Frequently Asked Questions about Open House Nursery School
Is Open House Nursery School a legitimate charity?
Open House Nursery School (EIN: 112912324) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.5M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Open House Nursery School spend its money?
Open House Nursery School directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Open House Nursery School tax-deductible?
Open House Nursery School is registered as a tax-exempt nonprofit (EIN: 112912324). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Open House Nursery School CEO make?
Open House Nursery School's highest-compensated officer earns $0 annually. The organization reported $2.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Open House Nursery School's spending goes to programs?
Open House Nursery School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Open House Nursery School located?
Open House Nursery School is headquartered in Brooklyn, New York and files with the IRS under EIN 112912324.
How many years of IRS 990 filings does Open House Nursery School have?
Open House Nursery School 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 $2.5M in total revenue.
How does Open House Nursery School manage to operate without any reported officer compensation?
The filings consistently show $0 for officer compensation. This could indicate that leadership roles are filled by volunteers, or compensation is structured in a way that isn't reported as 'officer compensation' on the 990, such as through a related entity or as general staff salaries not tied to officer titles. Further investigation into their operational model would be needed.
What is the primary driver of the increase in liabilities, particularly from $976,731 in 202208 to $2,824,675 in 202308?
The significant jump in liabilities in the latest filing (202308) is a notable change. This could be due to various factors such as new debt financing for expansion, deferred revenue, or increased accounts payable. A deeper dive into the balance sheet details within the full 990 would be necessary to identify the specific components of this increase.
What is the breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed functional expense breakdown. While the organization's nature suggests a high program spending ratio, without the specific figures from the 990, a precise allocation cannot be determined. Our estimated breakdown is based on typical nursery school operations and the absence of officer compensation.
Filing History
IRS 990 filing history for Open House Nursery School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Open House Nursery School's revenue has grown by 31%, moving from $2.0M to $2.6M. Total assets increased by 271.9% over the same period, from $1.2M to $4.4M. Total functional expenses rose by 25%, from $1.8M to $2.2M. In its most recent filing year (2023), Open House Nursery School reported a surplus of $375K, with revenue exceeding expenses. The organization holds $2.8M in liabilities against $4.4M in assets (debt-to-asset ratio: 63.6%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.2M | $4.4M | $2.8M | — | — |
| 2022 | $2.4M | $2.2M | $2.2M | $977K | — | View 990 |
| 2021 | $1.9M | $1.9M | $2.2M | $1.1M | — | View 990 |
| 2020 | $2.6M | $2.2M | $1.7M | $636K | — | View 990 |
| 2019 | $2.4M | $2.3M | $1.8M | $1.1M | — | View 990 |
| 2018 | $2.4M | $2.2M | $1.5M | $1.0M | — | View 990 |
| 2017 | $2.2M | $2.0M | $1.5M | $1.1M | — | View 990 |
| 2016 | $1.9M | $2.2M | $1.3M | $1.1M | — | View 990 |
| 2015 | $2.0M | $2.1M | $1.2M | $681K | — | View 990 |
| 2014 | $2.0M | $1.9M | $1.3M | $668K | — | View 990 |
| 2013 | $2.0M | $1.9M | $1.3M | $699K | — | View 990 |
| 2012 | $1.9M | $1.8M | $1.2M | $760K | — | View 990 |
| 2011 | $2.0M | $1.8M | $1.2M | $843K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.2M, and assets of $4.4M (revenue +8.0% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.2M, and assets of $2.2M (revenue +24.8% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.9M, and assets of $2.2M (revenue -25.8% year-over-year).
- 2020: Revenue of $2.6M, expenses of $2.2M, and assets of $1.7M (revenue +5.0% year-over-year).
- 2019: Revenue of $2.4M, expenses of $2.3M, and assets of $1.8M (revenue +3.3% year-over-year).
- 2018: Revenue of $2.4M, expenses of $2.2M, and assets of $1.5M (revenue +9.0% year-over-year).
- 2017: Revenue of $2.2M, expenses of $2.0M, and assets of $1.5M (revenue +13.9% year-over-year).
- 2016: Revenue of $1.9M, expenses of $2.2M, and assets of $1.3M (revenue -3.6% year-over-year).
- 2015: Revenue of $2.0M, expenses of $2.1M, and assets of $1.2M (revenue -0.2% year-over-year).
- 2014: Revenue of $2.0M, expenses of $1.9M, and assets of $1.3M (revenue +0.4% year-over-year).
- 2013: Revenue of $2.0M, expenses of $1.9M, and assets of $1.3M (revenue +1.5% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.8M, and assets of $1.2M (revenue -0.6% year-over-year).
- 2011: Revenue of $2.0M, expenses of $1.8M, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Open House Nursery School:
Data Sources and Methodology
This transparency report for Open House Nursery School 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.