The Open Door Cape Ann Food Pantry Inc
The Open Door Cape Ann Food Pantry: Strong Growth, Solid Financials
EIN: 222513482 · Gloucester, MA · Updated: 2026-04-04
Is The Open Door Cape Ann Food Pantry Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Open Door Cape Ann Food Pantry Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Open Door Cape Ann Food Pantry Inc
The Open Door Cape Ann Food Pantry Inc (EIN: 222513482) is a nonprofit organization based in Gloucester, MA. The organization reported total revenue of $9.9M and total assets of $17.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Open Door Cape Ann Food Pantry 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 The Open Door Cape Ann Food Pantry Inc with a Mission Score of 85 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: 80%
- fundraising: 10%
According to IRS 990 filings, The Open Door Cape Ann Food Pantry Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures were provided in the available data.
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.
Strengths
The following positive indicators were identified for The Open Door Cape Ann Food Pantry Inc:
- Consistent revenue growth, from $1,959,324 in 2016 to $12,038,109 in 2023, demonstrates increasing support and impact.
- Strong asset accumulation, reaching $15,403,905 in 2023, provides financial stability and capacity for future programs.
- Low liability-to-asset ratio (e.g., $2,159,038 liabilities vs. $15,403,905 assets in 2023) indicates sound financial management.
- The organization consistently reports 0% lobbying, suggesting a focus on direct service delivery rather than political advocacy.
Frequently Asked Questions about The Open Door Cape Ann Food Pantry Inc
Is The Open Door Cape Ann Food Pantry Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Open Door Cape Ann Food Pantry Inc (EIN: 222513482) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does The Open Door Cape Ann Food Pantry Inc spend its money?
The Open Door Cape Ann Food Pantry Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Open Door Cape Ann Food Pantry Inc tax-deductible?
The Open Door Cape Ann Food Pantry Inc is registered as a tax-exempt nonprofit (EIN: 222513482). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does The Open Door Cape Ann Food Pantry Inc do?
The Open Door Cape Ann Food Pantry Inc is a nonprofit organization in the Unknown sector, located in Gloucester, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does The Open Door Cape Ann Food Pantry Inc have?
The Open Door Cape Ann Food Pantry Inc reported total revenue of $9,886,311. Based on 13 IRS 990 filings on record.
What are The Open Door Cape Ann Food Pantry Inc's total assets?
The Open Door Cape Ann Food Pantry Inc holds total assets of $17,070,798 as reported in IRS 990 filings.
Where is The Open Door Cape Ann Food Pantry Inc located?
The Open Door Cape Ann Food Pantry Inc is based in Gloucester, Massachusetts.
What is The Open Door Cape Ann Food Pantry Inc's EIN?
The Open Door Cape Ann Food Pantry Inc's Employer Identification Number (EIN) is 222513482. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Open Door Cape Ann Food Pantry Inc?
The Open Door Cape Ann Food Pantry Inc is classified under NTEE code Unknown (Unknown).
Is The Open Door Cape Ann Food Pantry Inc a registered 501(c)(3)?
The Open Door Cape Ann Food Pantry Inc appears in IRS records (EIN: 222513482). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does The Open Door Cape Ann Food Pantry Inc file IRS Form 990?
Yes, The Open Door Cape Ann Food Pantry Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was The Open Door Cape Ann Food Pantry Inc's revenue in 2023?
In the 202306 filing period, The Open Door Cape Ann Food Pantry Inc reported total revenue of $12,038,109, total expenses of $7,282,516, and net assets of $15,403,905.
Is The Open Door Cape Ann Food Pantry Inc's revenue growing or declining?
The Open Door Cape Ann Food Pantry Inc's revenue is growing. Revenue went from $7,338,820 (202206) to $12,038,109 (202306), a +64.0% change. Based on 13 filings on record.
What is The Open Door Cape Ann Food Pantry Inc's most recent 990 filing?
The most recent IRS Form 990 filing for The Open Door Cape Ann Food Pantry Inc covers tax period 202306. It shows revenue of $12,038,109, expenses of $7,282,516, total assets of $15,403,905, and liabilities of $2,159,038.
How much does The Open Door Cape Ann Food Pantry Inc spend on programs vs administration?
Based on IRS 990 analysis, The Open Door Cape Ann Food Pantry Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is The Open Door Cape Ann Food Pantry Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, The Open Door Cape Ann Food Pantry Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are The Open Door Cape Ann Food Pantry Inc's strengths?
Positive indicators for The Open Door Cape Ann Food Pantry Inc include: Consistent revenue growth, from $1,959,324 in 2016 to $12,038,109 in 2023, demonstrates increasing support and impact.. Strong asset accumulation, reaching $15,403,905 in 2023, provides financial stability and capacity for future programs.. Low liability-to-asset ratio (e.g., $2,159,038 liabilities vs. $15,403,905 assets in 2023) indicates sound financial management.. The organization consistently reports 0% lobbying, suggesting a focus on direct service delivery rather than political advocacy.. These findings are derived from AI analysis of the organization's financial filings.
How does The Open Door Cape Ann Food Pantry Inc compensate executives?
Executive compensation cannot be assessed as no specific compensation figures were provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has The Open Door managed to achieve such significant revenue growth, particularly the jump from $7.3M in 2022 to $12M in 2023?
The provided data indicates a substantial increase in revenue, but without additional context on funding sources (e.g., grants, individual donations, events), the specific drivers of this growth cannot be determined from the given financial figures alone.
What is the strategic intent behind the substantial increase in assets, from $2.7M in 2016 to $15.4M in 2023, and how are these assets being utilized to further the mission?
The consistent growth in assets suggests a strategy of building long-term financial stability and potentially investing in infrastructure or endowment. However, the specific allocation and utilization of these assets (e.g., new facilities, program expansion, reserve funds) are not detailed in the provided financial summaries.
Filing History
IRS 990 filing history for The Open Door Cape Ann Food Pantry Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Open Door Cape Ann Food Pantry Inc's revenue has grown by 393.6%, moving from $2.4M to $12.0M. Total assets increased by 1201.3% over the same period, from $1.2M to $15.4M. Total functional expenses rose by 217.8%, from $2.3M to $7.3M. In its most recent filing year (2023), The Open Door Cape Ann Food Pantry Inc reported a surplus of $4.8M, with revenue exceeding expenses. The organization holds $2.2M in liabilities against $15.4M in assets (debt-to-asset ratio: 14.0%), resulting in net assets of $13.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $12.0M | $7.3M | $15.4M | $2.2M | — | View 990 |
| 2022 | $7.3M | $6.3M | $8.5M | $730K | — | View 990 |
| 2021 | $7.8M | $6.1M | $7.5M | $712K | — | View 990 |
| 2020 | $8.9M | $6.6M | $6.1M | $1.1M | — | View 990 |
| 2019 | $6.2M | $6.2M | $3.4M | $778K | — | View 990 |
| 2018 | $5.9M | $5.8M | $2.9M | $246K | — | — |
| 2017 | $5.1M | $5.1M | $2.7M | $113K | — | View 990 |
| 2016 | $2.0M | $2.0M | $2.8M | $168K | — | View 990 |
| 2015 | $4.0M | $3.8M | $2.8M | $295K | — | View 990 |
| 2014 | $4.3M | $3.4M | $2.7M | $350K | — | View 990 |
| 2013 | $3.4M | $2.9M | $1.8M | $349K | — | View 990 |
| 2012 | $2.6M | $2.5M | $1.2M | $345K | — | View 990 |
| 2011 | $2.4M | $2.3M | $1.2M | $396K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.0M, expenses of $7.3M, and assets of $15.4M (revenue +64.0% year-over-year).
- 2022: Revenue of $7.3M, expenses of $6.3M, and assets of $8.5M (revenue -6.1% year-over-year).
- 2021: Revenue of $7.8M, expenses of $6.1M, and assets of $7.5M (revenue -12.6% year-over-year).
- 2020: Revenue of $8.9M, expenses of $6.6M, and assets of $6.1M (revenue +44.8% year-over-year).
- 2019: Revenue of $6.2M, expenses of $6.2M, and assets of $3.4M (revenue +5.3% year-over-year).
- 2018: Revenue of $5.9M, expenses of $5.8M, and assets of $2.9M (revenue +16.0% year-over-year).
- 2017: Revenue of $5.1M, expenses of $5.1M, and assets of $2.7M (revenue +158.1% year-over-year).
- 2016: Revenue of $2.0M, expenses of $2.0M, and assets of $2.8M (revenue -51.1% year-over-year).
- 2015: Revenue of $4.0M, expenses of $3.8M, and assets of $2.8M (revenue -7.0% year-over-year).
- 2014: Revenue of $4.3M, expenses of $3.4M, and assets of $2.7M (revenue +25.0% year-over-year).
- 2013: Revenue of $3.4M, expenses of $2.9M, and assets of $1.8M (revenue +34.7% year-over-year).
- 2012: Revenue of $2.6M, expenses of $2.5M, and assets of $1.2M (revenue +4.8% year-over-year).
- 2011: Revenue of $2.4M, expenses of $2.3M, and assets of $1.2M.
Data Sources and Methodology
This transparency report for The Open Door Cape Ann Food Pantry 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.