Opengate Inc
Opengate Inc maintains stable finances with consistent revenue and zero reported officer compensation.
EIN: 132634269 · Armonk, NY · NTEE: P73Z · Updated: 2026-03-28
Is Opengate Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Opengate Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Opengate Inc
Opengate Inc (EIN: 132634269) is a nonprofit organization based in Armonk, NY, classified under NTEE code P73Z. The organization reported total revenue of $26.2M and total assets of $24.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Opengate Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Opengate Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Opengate Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Opengate Inc consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size ($26M+ revenue) and suggests a strong commitment to directing funds towards its mission rather than executive salaries.
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 Opengate Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided data prevents full spending efficiency analysis.
Strengths
The following positive indicators were identified for Opengate Inc:
- Consistent financial stability and growth in assets over a decade.
- Remarkable 0% reported officer compensation across all filings, indicating strong mission focus.
- Revenues generally cover expenses, demonstrating sound operational management.
- Strong asset base relative to liabilities, indicating financial resilience.
Frequently Asked Questions about Opengate Inc
Is Opengate Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Opengate Inc (EIN: 132634269) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Opengate Inc spend its money?
Opengate Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Opengate Inc tax-deductible?
Opengate Inc is registered as a tax-exempt nonprofit (EIN: 132634269). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Opengate Inc a good charity?
Based on the provided financial data, Opengate Inc appears to be a financially stable organization with a strong asset base and a remarkable record of 0% reported officer compensation, suggesting a high dedication to its mission. However, without detailed functional expense breakdowns, a full assessment of program efficiency is limited.
How has Opengate Inc's financial health changed over time?
Opengate Inc has shown consistent financial growth and stability over the past decade. Revenues have generally increased from $17.4M in 2014 to over $23M in 2023, and assets have grown from $18.7M to $22.8M, indicating sound long-term financial management.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is highly significant. It suggests that the organization's top leadership is either entirely volunteer-based or compensated through mechanisms not classified as 'officer compensation' on the 990, which could indicate a very efficient use of donor funds and a strong mission focus.
Filing History
IRS 990 filing history for Opengate Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Opengate Inc's revenue has grown by 60.8%, moving from $14.3M to $23.1M. Total assets increased by 35.1% over the same period, from $16.9M to $22.8M. Total functional expenses rose by 66.5%, from $14.1M to $23.4M. In its most recent filing year (2023), Opengate Inc reported a deficit of $361K, with expenses exceeding revenue. The organization holds $7.9M in liabilities against $22.8M in assets (debt-to-asset ratio: 34.5%), resulting in net assets of $14.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $23.1M | $23.4M | $22.8M | $7.9M | — | — |
| 2022 | $26.0M | $25.8M | $23.7M | $9.0M | — | View 990 |
| 2021 | $21.3M | $20.9M | $21.5M | $5.5M | — | View 990 |
| 2020 | $23.3M | $22.6M | $22.5M | $7.0M | — | — |
| 2019 | $20.4M | $20.4M | $21.3M | $7.0M | — | View 990 |
| 2018 | $20.5M | $19.7M | $20.3M | $6.6M | — | View 990 |
| 2017 | $19.4M | $18.8M | $20.1M | $7.0M | — | View 990 |
| 2016 | $19.2M | $18.3M | $19.7M | $7.2M | — | View 990 |
| 2015 | $19.0M | $18.8M | $19.7M | $8.1M | — | View 990 |
| 2014 | $17.5M | $17.3M | $18.7M | $7.4M | — | View 990 |
| 2013 | $17.0M | $16.6M | $18.2M | $7.0M | — | View 990 |
| 2012 | $14.7M | $13.7M | $17.4M | $6.6M | — | View 990 |
| 2011 | $14.3M | $14.1M | $16.9M | $7.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $23.1M, expenses of $23.4M, and assets of $22.8M (revenue -11.2% year-over-year).
- 2022: Revenue of $26.0M, expenses of $25.8M, and assets of $23.7M (revenue +21.9% year-over-year).
- 2021: Revenue of $21.3M, expenses of $20.9M, and assets of $21.5M (revenue -8.6% year-over-year).
- 2020: Revenue of $23.3M, expenses of $22.6M, and assets of $22.5M (revenue +14.1% year-over-year).
- 2019: Revenue of $20.4M, expenses of $20.4M, and assets of $21.3M (revenue -0.3% year-over-year).
- 2018: Revenue of $20.5M, expenses of $19.7M, and assets of $20.3M (revenue +5.5% year-over-year).
- 2017: Revenue of $19.4M, expenses of $18.8M, and assets of $20.1M (revenue +1.1% year-over-year).
- 2016: Revenue of $19.2M, expenses of $18.3M, and assets of $19.7M (revenue +0.8% year-over-year).
- 2015: Revenue of $19.0M, expenses of $18.8M, and assets of $19.7M (revenue +9.1% year-over-year).
- 2014: Revenue of $17.5M, expenses of $17.3M, and assets of $18.7M (revenue +2.8% year-over-year).
- 2013: Revenue of $17.0M, expenses of $16.6M, and assets of $18.2M (revenue +15.3% year-over-year).
- 2012: Revenue of $14.7M, expenses of $13.7M, and assets of $17.4M (revenue +2.7% year-over-year).
- 2011: Revenue of $14.3M, expenses of $14.1M, and assets of $16.9M.
Data Sources and Methodology
This transparency report for Opengate 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.