Opencape Corporation

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Opencape Corporation Form 990, Revenue, CEO Pay, and IRS Filing Signals

Opencape Corporation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Opencape Corporation in one place.

Is Opencape Corporation Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Opencape Corporation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Keep the Investigation Moving

Opencape Corporation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

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.

Organization Overview

Opencape Corporation is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.9%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Opencape Corporation reported a deficit of $960K with expenses exceeding revenue, holds 48.8 months of operating reserves (strong position), has a debt-to-asset ratio of 10.8% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Opencape Corporation's revenue has declined at a compound annual growth rate (CAGR) of -3.9%.

IRS Tax-Exempt Classification

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 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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $960K, with expenses exceeding revenue.
• Debt-to-asset ratio: 10.8%.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Opencape Corporation:

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.