Open Path Resources Professional Service Corporation
EIN: 462424429 · Minneapolis, MN · NTEE: X40
| Metric | Value |
|---|---|
| Total Revenue | $642K |
| Total Expenses | $498K |
| Net Assets | $50K |
Is Open Path Resources Professional Service Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Open Path Resources Professional Service Corporation
Open Path Resources Professional Service Corporation (EIN: 462424429) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code X40. The organization reported total revenue of $642K and total assets of $40K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Open Path Resources Professional Service Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Open Path Resources Professional Service Corporation is a small nonprofit that has been operating for 6 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 41.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $454K |
| Total Expenses | $498K |
| Surplus / Deficit | $-43,489 |
| Total Assets | $50K |
| Net Assets | $50K |
| Operating Margin | -9.6% |
| Months of Reserves | 1.2 months |
Financial Health Grade: C
In 2023, Open Path Resources Professional Service Corporation reported a deficit of $43K with expenses exceeding revenue, holds 1.2 months of operating reserves (limited).
Financial Trends
Over 5 years of filings (2019–2023), Open Path Resources Professional Service Corporation's revenue has grown at a compound annual growth rate (CAGR) of 41.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.9% | +39.1% | -46.5% |
| 2022 | +211.5% | +85.9% | +254.4% |
| 2021 | -28.1% | +2.6% | -49.7% |
| 2020 | +72.7% | +149.5% | +21.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Open Path Resources Professional Service Corporation 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 Path Resources Professional Service Corporation 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 deficit of $43K, with expenses exceeding revenue.
Frequently Asked Questions about Open Path Resources Professional Service Corporation
Is Open Path Resources Professional Service Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Open Path Resources Professional Service Corporation (EIN: 462424429) insufficient data. 0 red flags identified, 0 strengths noted.
How does Open Path Resources Professional Service Corporation spend its money?
Detailed spending breakdown data is not yet available for Open Path Resources Professional Service Corporation. Check back for updated IRS 990 analysis.
Are donations to Open Path Resources Professional Service Corporation tax-deductible?
Open Path Resources Professional Service Corporation is registered as a tax-exempt nonprofit (EIN: 462424429). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Open Path Resources Professional Service Corporation located?
Open Path Resources Professional Service Corporation is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 462424429. It is classified under NTEE code X40.
How many years of IRS 990 filings does Open Path Resources Professional Service Corporation have?
Open Path Resources Professional Service Corporation has 5 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 $642K in total revenue.
Filing History
IRS 990 filing history for Open Path Resources Professional Service Corporation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Open Path Resources Professional Service Corporation's revenue has grown by 298.1%, moving from $114K to $454K. Total assets increased by 16.2% over the same period, from $43K to $50K. Total functional expenses rose by 562.2%, from $75K to $498K. In its most recent filing year (2023), Open Path Resources Professional Service Corporation reported a deficit of $43K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $454K | $498K | $50K | $0 | — | View 990 |
| 2022 | $441K | $358K | $94K | $0 | — | View 990 |
| 2021 | $142K | $192K | $26K | $16K | — | — |
| 2020 | $197K | $187K | $53K | $0 | — | View 990 |
| 2019 | $114K | $75K | $43K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $454K, expenses of $498K, and assets of $50K (revenue +2.9% year-over-year).
- 2022: Revenue of $441K, expenses of $358K, and assets of $94K (revenue +211.5% year-over-year).
- 2021: Revenue of $142K, expenses of $192K, and assets of $26K (revenue -28.1% year-over-year).
- 2020: Revenue of $197K, expenses of $187K, and assets of $53K (revenue +72.7% year-over-year).
- 2019: Revenue of $114K, expenses of $75K, and assets of $43K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Open Path Resources Professional Service Corporation:
Data Sources and Methodology
This transparency report for Open Path Resources Professional Service Corporation 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.