Openplans Inc
Openplans Inc. shows volatile revenue growth but consistent zero officer compensation.
EIN: 134111130 · New York, NY · NTEE: W014 · Updated: 2026-03-28
Is Openplans Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Openplans Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Openplans Inc
Openplans Inc (EIN: 134111130) is a nonprofit organization based in New York, NY, classified under NTEE code W014. The organization reported total revenue of $3.3M and total assets of $4.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Openplans 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 Openplans Inc with a Mission Score of 75 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: 80%
- fundraising: 5%
According to IRS 990 filings, Openplans Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization with revenues reaching nearly $5 million.
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 Openplans Inc's IRS 990 filings:
- Highly volatile revenue and expense patterns, making financial forecasting difficult.
- Consistent 0% officer compensation, which is atypical for an organization of this size and revenue, potentially masking compensation through other means or indicating an unusual operational model.
Strengths
The following positive indicators were identified for Openplans Inc:
- Consistent reporting of zero officer compensation, indicating a strong commitment to directing funds away from executive salaries.
- Significant growth in assets from $145,005 in 2019 to $4,539,477 in 2023, demonstrating effective asset management.
- Positive net income in several years, notably $2,113,898 in 2023 and $1,587,552 in 2021, contributing to asset growth.
Frequently Asked Questions about Openplans Inc
Is Openplans Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Openplans Inc (EIN: 134111130) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Openplans Inc spend its money?
Openplans Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Openplans Inc tax-deductible?
Openplans Inc is registered as a tax-exempt nonprofit (EIN: 134111130). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Openplans Inc. manage its significant revenue fluctuations?
The organization experienced a dramatic increase in revenue from $190,339 in 2022 to $4,935,165 in 2023, and a prior jump from $1.4M in 2020 to $3.1M in 2021. Understanding the sources and stability of these revenue streams is crucial for assessing long-term financial health.
What is the reason for zero officer compensation despite substantial revenue?
The consistent reporting of 0% officer compensation across all filings, even with revenues reaching nearly $5 million, is highly unusual and warrants further investigation into how leadership is compensated, if at all, or if these roles are entirely volunteer-based.
What are the primary programs and activities funded by Openplans Inc.?
Given the NTEE code W014 (Urban & Community Development), understanding the specific programs and their impact would provide better insight into how the organization utilizes its funds, especially with varying expense levels.
Filing History
IRS 990 filing history for Openplans Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Openplans Inc's revenue has grown by 530.6%, moving from $783K to $4.9M. Total assets increased by 1228.1% over the same period, from $342K to $4.5M. Total functional expenses rose by 304.1%, from $698K to $2.8M. In its most recent filing year (2023), Openplans Inc reported a surplus of $2.1M, with revenue exceeding expenses. The organization holds $186K in liabilities against $4.5M in assets (debt-to-asset ratio: 4.1%), resulting in net assets of $4.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $4.9M | $2.8M | $4.5M | $186K | — | — |
| 2022 | $190K | $2.0M | $2.4M | $134K | — | View 990 |
| 2021 | $3.2M | $1.6M | $4.1M | $74K | — | View 990 |
| 2020 | $1.5M | $1.2M | $456K | $33K | — | View 990 |
| 2019 | $811K | $927K | $145K | $8K | — | View 990 |
| 2018 | $585K | $592K | $275K | $22K | — | View 990 |
| 2017 | $607K | $656K | $272K | $9K | — | View 990 |
| 2016 | $783K | $698K | $342K | $30K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.9M, expenses of $2.8M, and assets of $4.5M (revenue +2492.8% year-over-year).
- 2022: Revenue of $190K, expenses of $2.0M, and assets of $2.4M (revenue -94.0% year-over-year).
- 2021: Revenue of $3.2M, expenses of $1.6M, and assets of $4.1M (revenue +117.1% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.2M, and assets of $456K (revenue +79.8% year-over-year).
- 2019: Revenue of $811K, expenses of $927K, and assets of $145K (revenue +38.8% year-over-year).
- 2018: Revenue of $585K, expenses of $592K, and assets of $275K (revenue -3.8% year-over-year).
- 2017: Revenue of $607K, expenses of $656K, and assets of $272K (revenue -22.4% year-over-year).
- 2016: Revenue of $783K, expenses of $698K, and assets of $342K.
Data Sources and Methodology
This transparency report for Openplans 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.