Opening Doors Northwest Florida Inc
EIN: 592909065 · Pensacola, FL
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.7M |
| Net Assets | $288K |
Is Opening Doors Northwest Florida Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Opening Doors Northwest Florida Inc
Opening Doors Northwest Florida Inc (EIN: 592909065) is a nonprofit organization based in Pensacola, FL. The organization reported total revenue of $1.8M and total assets of $944K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Opening Doors Northwest Florida Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Opening Doors Northwest Florida Inc is a mid-size nonprofit that has been operating for 36 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 12.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-151,006 |
| Total Assets | $589K |
| Total Liabilities | $301K |
| Net Assets | $288K |
| Operating Margin | -9.6% |
| Debt-to-Asset Ratio | 51.2% |
| Months of Reserves | 4.1 months |
Financial Health Grade: C
In 2023, Opening Doors Northwest Florida Inc reported a deficit of $151K with expenses exceeding revenue, holds 4.1 months of operating reserves (adequate), has a debt-to-asset ratio of 51.2% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Opening Doors Northwest Florida Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -64.9% | -60.9% | -48.8% |
| 2022 | +175.0% | +147.9% | +145.5% |
| 2021 | +33.2% | +51.5% | -15.4% |
| 2020 | +81.6% | +72.4% | +8.5% |
| 2019 | -46.0% | -41.6% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Opening Doors Northwest Florida 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 Opening Doors Northwest Florida 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 deficit of $151K, with expenses exceeding revenue.
- Debt-to-asset ratio: 51.2%.
Frequently Asked Questions about Opening Doors Northwest Florida Inc
Is Opening Doors Northwest Florida Inc a legitimate charity?
Opening Doors Northwest Florida Inc (EIN: 592909065) is a registered tax-exempt nonprofit based in Florida. It has 14 years of IRS 990 filings on record. Total revenue: $1.8M. No red flags identified. Financial health grade: C.
How does Opening Doors Northwest Florida Inc spend its money?
Opening Doors Northwest Florida Inc reported $1.8M in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Opening Doors Northwest Florida Inc tax-deductible?
Opening Doors Northwest Florida Inc is registered as a tax-exempt nonprofit (EIN: 592909065). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Opening Doors Northwest Florida Inc located?
Opening Doors Northwest Florida Inc is headquartered in Pensacola, Florida and files with the IRS under EIN 592909065.
How many years of IRS 990 filings does Opening Doors Northwest Florida Inc have?
Opening Doors Northwest Florida Inc has 14 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 $1.8M in total revenue.
Filing History
IRS 990 filing history for Opening Doors Northwest Florida Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Opening Doors Northwest Florida Inc's revenue has grown by 375.8%, moving from $332K to $1.6M. Total assets increased by 655% over the same period, from $78K to $589K. Total functional expenses rose by 399.8%, from $346K to $1.7M. In its most recent filing year (2023), Opening Doors Northwest Florida Inc reported a deficit of $151K, with expenses exceeding revenue. The organization holds $301K in liabilities against $589K in assets (debt-to-asset ratio: 51.2%), resulting in net assets of $288K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.7M | $589K | $301K | — | View 990 |
| 2022 | $4.5M | $4.4M | $1.2M | $713K | — | View 990 |
| 2021 | $1.6M | $1.8M | $469K | $118K | — | — |
| 2020 | $1.2M | $1.2M | $555K | $54K | — | View 990 |
| 2019 | $676K | $684K | $511K | $51K | — | View 990 |
| 2018 | $1.3M | $1.2M | $522K | $54K | — | View 990 |
| 2017 | $1.4M | $1.3M | $473K | $87K | — | View 990 |
| 2016 | $903K | $817K | $345K | $21K | — | View 990 |
| 2015 | $795K | $794K | $255K | $17K | — | View 990 |
| 2014 | $497K | $409K | $261K | $25K | — | View 990 |
| 2013 | $391K | $324K | $170K | $22K | — | View 990 |
| 2012 | $344K | $316K | $98K | $17K | — | View 990 |
| 2011 | $408K | $338K | $92K | $39K | — | View 990 |
| 2010 | $332K | $346K | $78K | $39K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.7M, and assets of $589K (revenue -64.9% year-over-year).
- 2022: Revenue of $4.5M, expenses of $4.4M, and assets of $1.2M (revenue +175.0% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.8M, and assets of $469K (revenue +33.2% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.2M, and assets of $555K (revenue +81.6% year-over-year).
- 2019: Revenue of $676K, expenses of $684K, and assets of $511K (revenue -46.0% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.2M, and assets of $522K (revenue -7.3% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.3M, and assets of $473K (revenue +49.5% year-over-year).
- 2016: Revenue of $903K, expenses of $817K, and assets of $345K (revenue +13.6% year-over-year).
- 2015: Revenue of $795K, expenses of $794K, and assets of $255K (revenue +60.1% year-over-year).
- 2014: Revenue of $497K, expenses of $409K, and assets of $261K (revenue +26.9% year-over-year).
- 2013: Revenue of $391K, expenses of $324K, and assets of $170K (revenue +13.8% year-over-year).
- 2012: Revenue of $344K, expenses of $316K, and assets of $98K (revenue -15.6% year-over-year).
- 2011: Revenue of $408K, expenses of $338K, and assets of $92K (revenue +22.7% year-over-year).
- 2010: Revenue of $332K, expenses of $346K, and assets of $78K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Opening Doors Northwest Florida Inc:
Data Sources and Methodology
This transparency report for Opening Doors Northwest Florida 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.