Open Works Inc
EIN: 475535634 · Baltimore, MD · NTEE: A20
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $2.2M |
| Net Assets | $858K |
Is Open Works Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Open Works Inc
Open Works Inc (EIN: 475535634) is a nonprofit organization based in Baltimore, MD, classified under NTEE code A20. The organization reported total revenue of $2.2M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Open Works Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Open Works Inc is a mid-size nonprofit that has been operating for 10 years, with 9 years of IRS 990 filings on record (2015–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$275K |
| Total Assets | $1.0M |
| Total Liabilities | $183K |
| Net Assets | $858K |
| Operating Margin | 11.0% |
| Debt-to-Asset Ratio | 17.6% |
| Months of Reserves | 5.6 months |
Financial Health Grade: A
In 2023, Open Works Inc reported a surplus of $275K with revenue exceeding expenses, holds 5.6 months of operating reserves (adequate), has a debt-to-asset ratio of 17.6% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.0% | +30.3% | +42.9% |
| 2022 | +40.3% | +16.7% | +92.9% |
| 2021 | -1.1% | +2.3% | +53.9% |
| 2020 | +5.8% | -14.3% | -2.3% |
| 2019 | +-0.0% | +22.3% | -34.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Open Works Inc 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 Works Inc 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 $275K, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.6%.
Frequently Asked Questions about Open Works Inc
Is Open Works Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Open Works Inc (EIN: 475535634) insufficient data. 0 red flags identified, 0 strengths noted.
How does Open Works Inc spend its money?
Detailed spending breakdown data is not yet available for Open Works Inc. Check back for updated IRS 990 analysis.
Are donations to Open Works Inc tax-deductible?
Open Works Inc is registered as a tax-exempt nonprofit (EIN: 475535634). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Open Works Inc located?
Open Works Inc is headquartered in Baltimore, Maryland and files with the IRS under EIN 475535634. It is classified under NTEE code A20.
How many years of IRS 990 filings does Open Works Inc have?
Open Works Inc has 9 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 $2.2M in total revenue.
Filing History
IRS 990 filing history for Open Works Inc showing financial trends over 9 years of public records:
Total assets increased by 15539.6% over the same period, from $7K to $1.0M. In its most recent filing year (2023), Open Works Inc reported a surplus of $275K, with revenue exceeding expenses. The organization holds $183K in liabilities against $1.0M in assets (debt-to-asset ratio: 17.6%), resulting in net assets of $858K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $2.2M | $1.0M | $183K | — | — |
| 2022 | $2.1M | $1.7M | $728K | $145K | — | View 990 |
| 2021 | $1.5M | $1.5M | $378K | $205K | — | View 990 |
| 2020 | $1.5M | $1.4M | $245K | $120K | — | — |
| 2019 | $1.4M | $1.7M | $251K | $221K | — | View 990 |
| 2018 | $1.4M | $1.4M | $380K | $122K | — | View 990 |
| 2017 | $1.2M | $1.0M | $346K | $166K | — | — |
| 2016 | $110K | $90K | $243K | $223K | — | View 990 |
| 2015 | $0 | $0 | $7K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $2.2M, and assets of $1.0M (revenue +18.0% year-over-year).
- 2022: Revenue of $2.1M, expenses of $1.7M, and assets of $728K (revenue +40.3% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.5M, and assets of $378K (revenue -1.1% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.4M, and assets of $245K (revenue +5.8% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.7M, and assets of $251K (revenue +-0.0% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.4M, and assets of $380K (revenue +22.9% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.0M, and assets of $346K (revenue +969.5% year-over-year).
- 2016: Revenue of $110K, expenses of $90K, and assets of $243K.
- 2015: Revenue of $0, expenses of $0, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Open Works Inc:
Data Sources and Methodology
This transparency report for Open Works Inc 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.