The Open Door Of Perquimans County Inc
EIN: 581492428 · Hertford, NC
| Metric | Value |
|---|---|
| Total Revenue | $230K |
| Total Expenses | $135K |
| Net Assets | $791K |
Is The Open Door Of Perquimans County Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Open Door Of Perquimans County Inc
The Open Door Of Perquimans County Inc (EIN: 581492428) is a nonprofit organization based in Hertford, NC. The organization reported total revenue of $230K and total assets of $980K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Open Door Of Perquimans County Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Open Door Of Perquimans County Inc is a small nonprofit that has been operating for 43 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 45.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $747K |
| Total Expenses | $135K |
| Surplus / Deficit | +$612K |
| Total Assets | $936K |
| Total Liabilities | $146K |
| Net Assets | $791K |
| Operating Margin | 82.0% |
| Debt-to-Asset Ratio | 15.5% |
| Months of Reserves | 83.4 months |
Financial Health Grade: A
In 2023, The Open Door Of Perquimans County Inc reported a surplus of $612K with revenue exceeding expenses, holds 83.4 months of operating reserves (strong position), has a debt-to-asset ratio of 15.5% (very low leverage).
Financial Trends
Over 8 years of filings (2016–2023), The Open Door Of Perquimans County Inc's revenue has grown at a compound annual growth rate (CAGR) of 45.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +441.2% | +128.0% | +182.9% |
| 2022 | +95.8% | +82.0% | +233.9% |
| 2021 | -7.1% | -32.3% | +62.3% |
| 2020 | +11.1% | +20.2% | +84.6% |
| 2019 | +15.9% | -36.7% | +618.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Open Door Of Perquimans County 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 The Open Door Of Perquimans County 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 surplus of $612K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.5%.
Frequently Asked Questions about The Open Door Of Perquimans County Inc
Is The Open Door Of Perquimans County Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Open Door Of Perquimans County Inc (EIN: 581492428) insufficient data. 0 red flags identified, 0 strengths noted.
How does The Open Door Of Perquimans County Inc spend its money?
Detailed spending breakdown data is not yet available for The Open Door Of Perquimans County Inc. Check back for updated IRS 990 analysis.
Are donations to The Open Door Of Perquimans County Inc tax-deductible?
The Open Door Of Perquimans County Inc is registered as a tax-exempt nonprofit (EIN: 581492428). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Open Door Of Perquimans County Inc located?
The Open Door Of Perquimans County Inc is headquartered in Hertford, North Carolina and files with the IRS under EIN 581492428.
How many years of IRS 990 filings does The Open Door Of Perquimans County Inc have?
The Open Door Of Perquimans County Inc has 8 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 $230K in total revenue.
Filing History
IRS 990 filing history for The Open Door Of Perquimans County Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), The Open Door Of Perquimans County Inc's revenue has grown by 1260%, moving from $55K to $747K. Total assets increased by 10061% over the same period, from $9K to $936K. Total functional expenses rose by 124.5%, from $60K to $135K. In its most recent filing year (2023), The Open Door Of Perquimans County Inc reported a surplus of $612K, with revenue exceeding expenses. The organization holds $146K in liabilities against $936K in assets (debt-to-asset ratio: 15.5%), resulting in net assets of $791K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $747K | $135K | $936K | $146K | — | — |
| 2022 | $138K | $59K | $331K | $153K | — | View 990 |
| 2021 | $71K | $32K | $99K | $0 | — | — |
| 2020 | $76K | $48K | $61K | $0 | — | — |
| 2019 | $68K | $40K | $33K | $0 | — | View 990 |
| 2018 | $59K | $63K | $5K | $0 | — | View 990 |
| 2017 | $52K | $52K | $9K | $0 | — | View 990 |
| 2016 | $55K | $60K | $9K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $747K, expenses of $135K, and assets of $936K (revenue +441.2% year-over-year).
- 2022: Revenue of $138K, expenses of $59K, and assets of $331K (revenue +95.8% year-over-year).
- 2021: Revenue of $71K, expenses of $32K, and assets of $99K (revenue -7.1% year-over-year).
- 2020: Revenue of $76K, expenses of $48K, and assets of $61K (revenue +11.1% year-over-year).
- 2019: Revenue of $68K, expenses of $40K, and assets of $33K (revenue +15.9% year-over-year).
- 2018: Revenue of $59K, expenses of $63K, and assets of $5K (revenue +14.5% year-over-year).
- 2017: Revenue of $52K, expenses of $52K, and assets of $9K (revenue -6.2% year-over-year).
- 2016: Revenue of $55K, expenses of $60K, and assets of $9K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Open Door Of Perquimans County Inc:
Data Sources and Methodology
This transparency report for The Open Door Of Perquimans County 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.