Opencape Corporation

Opencape Corporation faces persistent operating deficits, drawing down substantial assets.

EIN: 208670761 · Barnstable, MA · NTEE: S20 · Updated: 2026-03-28

$5.2MRevenue

$22.2MAssets

60/100Mission Score (Good)

S20

About Opencape Corporation

Opencape Corporation (EIN: 208670761) is a nonprofit organization based in Barnstable, MA, classified under NTEE code S20. The organization reported total revenue of $5.2M and total assets of $22.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Opencape Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Opencape Corporation exhibits a concerning trend of operating deficits, with expenses consistently exceeding revenue in recent years. For example, in 2023, expenses were $5,679,615 against revenues of $4,719,354, resulting in a deficit of nearly $1 million. This pattern has been observed since at least 2017, with the exception of 2016. While the organization maintains substantial assets ($23,113,800 in 2023), these deficits are drawing down its reserves, as evidenced by the decline in assets from $32,778,557 in 2016 to $23,113,800 in 2023. The consistent lack of reported officer compensation suggests a commitment to minimizing administrative overhead in that specific area, which is a positive indicator for transparency regarding executive pay. However, the overall financial sustainability is a significant concern given the persistent operating losses.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Opencape Corporation with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 75%
fundraising: 10%

According to IRS 990 filings, Opencape Corporation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization with over $5 million in annual expenses and over $22 million in assets. This suggests either a volunteer leadership structure or compensation is reported under other expense categories.

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 Opencape Corporation's IRS 990 filings:

Consistent operating deficits since 2017, with expenses exceeding revenue in most recent years (e.g., $5.6M expenses vs $4.7M revenue in 2023).
Significant decline in total assets from $32.7M in 2016 to $23.1M in 2023, indicating reliance on reserves to cover deficits.
Unusually low (0%) reported officer compensation for an organization with over $5 million in annual expenses, which may obscure actual leadership costs.

Strengths

The following positive indicators were identified for Opencape Corporation:

Maintains substantial assets ($22.1M latest reported) providing a buffer despite operating deficits.
No reported officer compensation, suggesting a potential commitment to minimizing direct executive pay.

Frequently Asked Questions about Opencape Corporation

Is Opencape Corporation financially sustainable given its consistent operating deficits?

The organization has consistently spent more than it has earned since 2017 (with the exception of 2016), leading to a reduction in its asset base from $32.7 million in 2016 to $23.1 million in 2023. This trend raises serious questions about its long-term financial sustainability if not addressed.

How does Opencape Corporation fund its operations despite recurring deficits?

The organization appears to be funding its operating deficits by drawing down its substantial asset reserves. This is evident from the consistent decline in total assets over the past several years, from $32,778,557 in 2016 to $23,113,800 in 2023.

What is the reason for 0% officer compensation reported across all filings?

The consistent reporting of 0% officer compensation is unusual for an organization of this size. It could indicate a volunteer board and executive leadership, or that compensation for key personnel is categorized differently within the financial statements, which warrants further investigation for full transparency.

Filing History

IRS 990 filing history for Opencape Corporation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Opencape Corporation's revenue has declined by 38.1%, moving from $7.6M to $4.7M. Total assets increased by 174.5% over the same period, from $8.4M to $23.1M. Total functional expenses rose by 633.9%, from $774K to $5.7M. In its most recent filing year (2023), Opencape Corporation reported a deficit of $960K, with expenses exceeding revenue. The organization holds $2.5M in liabilities against $23.1M in assets (debt-to-asset ratio: 10.8%), resulting in net assets of $20.6M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$4.7M	$5.7M	$23.1M	$2.5M	—	—
2022	$3.8M	$5.5M	$22.9M	$1.3M	—	View 990
2021	$3.9M	$5.2M	$24.4M	$1.1M	—	View 990
2020	$3.4M	$4.7M	$25.5M	$822K	—	View 990
2019	$3.3M	$4.7M	$26.5M	$579K	—	View 990
2018	$2.6M	$4.7M	$27.5M	$187K	—	View 990
2017	$2.3M	$5.1M	$29.7M	$225K	—	View 990
2016	$6.1M	$4.2M	$32.8M	$581K	—	View 990
2015	$1.4M	$3.9M	$30.4M	$118K	—	View 990
2014	$1.3M	$3.8M	$32.8M	$107K	—	View 990
2013	$11.0M	$2.0M	$36.0M	$777K	—	View 990
2012	$19.7M	$860K	$29.6M	$3.5M	—	View 990
2011	$7.6M	$774K	$8.4M	$1.1M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $4.7M, expenses of $5.7M, and assets of $23.1M (revenue +23.9% year-over-year).
2022: Revenue of $3.8M, expenses of $5.5M, and assets of $22.9M (revenue -1.6% year-over-year).
2021: Revenue of $3.9M, expenses of $5.2M, and assets of $24.4M (revenue +14.5% year-over-year).
2020: Revenue of $3.4M, expenses of $4.7M, and assets of $25.5M (revenue +3.2% year-over-year).
2019: Revenue of $3.3M, expenses of $4.7M, and assets of $26.5M (revenue +25.1% year-over-year).
2018: Revenue of $2.6M, expenses of $4.7M, and assets of $27.5M (revenue +12.4% year-over-year).
2017: Revenue of $2.3M, expenses of $5.1M, and assets of $29.7M (revenue -62.0% year-over-year).
2016: Revenue of $6.1M, expenses of $4.2M, and assets of $32.8M (revenue +327.4% year-over-year).
2015: Revenue of $1.4M, expenses of $3.9M, and assets of $30.4M (revenue +14.0% year-over-year).
2014: Revenue of $1.3M, expenses of $3.8M, and assets of $32.8M (revenue -88.6% year-over-year).
2013: Revenue of $11.0M, expenses of $2.0M, and assets of $36.0M (revenue -43.9% year-over-year).
2012: Revenue of $19.7M, expenses of $860K, and assets of $29.6M (revenue +158.5% year-over-year).
2011: Revenue of $7.6M, expenses of $774K, and assets of $8.4M.

Data Sources and Methodology

This transparency report for Opencape 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.