Open Way Learning
EIN: 833760449 · Brasstown, NC · NTEE: B99
Is Open Way Learning Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Open Way Learning
Open Way Learning (EIN: 833760449) is a nonprofit organization based in Brasstown, NC, classified under NTEE code B99. The organization reported total revenue of $554K and total assets of $74K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Open Way Learning's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Open Way Learning is a small nonprofit that has been operating for 7 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 83.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $414K |
| Total Expenses | $402K |
| Surplus / Deficit | +$12K |
| Total Assets | $39K |
| Total Liabilities | $338 |
| Net Assets | $38K |
| Operating Margin | 2.8% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 1.1 months |
Financial Health Grade: A
In 2023, Open Way Learning reported a surplus of $12K with revenue exceeding expenses, holds 1.1 months of operating reserves (limited), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), Open Way Learning's revenue has grown at a compound annual growth rate (CAGR) of 83.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.2% | +20.2% | +27.0% |
| 2022 | +130.9% | +155.9% | -21.1% |
| 2021 | +111.2% | +149.2% | +49.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Open Way Learning 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 Way Learning 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 $12K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.9%.
Frequently Asked Questions about Open Way Learning
Is Open Way Learning a legitimate charity?
Based on AI analysis of IRS 990 filings, Open Way Learning (EIN: 833760449) insufficient data. 0 red flags identified, 0 strengths noted.
How does Open Way Learning spend its money?
Detailed spending breakdown data is not yet available for Open Way Learning. Check back for updated IRS 990 analysis.
Are donations to Open Way Learning tax-deductible?
Open Way Learning is registered as a tax-exempt nonprofit (EIN: 833760449). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Open Way Learning showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Open Way Learning's revenue has grown by 520.3%, moving from $67K to $414K. Total assets increased by 49.8% over the same period, from $26K to $39K. Total functional expenses rose by 666.1%, from $53K to $402K. In its most recent filing year (2023), Open Way Learning reported a surplus of $12K, with revenue exceeding expenses. The organization holds $338 in liabilities against $39K in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $38K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $414K | $402K | $39K | $338 | — | — |
| 2022 | $326K | $335K | $30K | $3K | — | — |
| 2021 | $141K | $131K | $38K | $2K | — | — |
| 2020 | $67K | $53K | $26K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $414K, expenses of $402K, and assets of $39K (revenue +27.2% year-over-year).
- 2022: Revenue of $326K, expenses of $335K, and assets of $30K (revenue +130.9% year-over-year).
- 2021: Revenue of $141K, expenses of $131K, and assets of $38K (revenue +111.2% year-over-year).
- 2020: Revenue of $67K, expenses of $53K, and assets of $26K.
Data Sources and Methodology
This transparency report for Open Way Learning 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.