The Open Door Shelter Inc
The Open Door Shelter: Strong Financials, High Program Spending
EIN: 222536909 · Norwalk, CT · NTEE: L41Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $10.7M |
| Total Expenses | $4.9M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $167,451 |
| Net Assets | $15.6M |
| Transparency Score | 85/100 |
Is The Open Door Shelter 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 Shelter Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Open Door Shelter Inc
The Open Door Shelter Inc (EIN: 222536909) is a nonprofit organization based in Norwalk, CT, classified under NTEE code L41Z. The organization reported total revenue of $10.7M and total assets of $17.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Open Door Shelter Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Open Door Shelter Inc is a large nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.4M |
| Total Expenses | $4.9M |
| Surplus / Deficit | +$470K |
| Total Assets | $17.2M |
| Total Liabilities | $1.7M |
| Net Assets | $15.6M |
| Operating Margin | 8.7% |
| Debt-to-Asset Ratio | 9.7% |
| Months of Reserves | 41.9 months |
Financial Health Grade: A
In 2023, The Open Door Shelter Inc reported a surplus of $470K with revenue exceeding expenses, holds 41.9 months of operating reserves (strong position), has a debt-to-asset ratio of 9.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Open Door Shelter Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.9% | +16.3% | +1.3% |
| 2022 | +1.0% | +4.3% | +6.7% |
| 2021 | +12.2% | -3.9% | +3.5% |
| 2020 | -5.6% | +4.9% | +4.4% |
| 2019 | -37.2% | +14.7% | +8.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Open Door Shelter 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: 5%
- programs: 85%
- fundraising: 10%
According to IRS 990 filings, The Open Door Shelter Inc allocates its expenses as follows: admin: 5%, programs: 85%, fundraising: 10%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $470K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.7%.
Executive Compensation Analysis
Executive compensation appears reasonable, with the highest paid individual receiving $167,451 in 2023, which is appropriate for an organization of this size and complexity.
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 Shelter Inc:
- Consistent revenue growth over the past several years, indicating stable funding.
- Strong asset base, growing from $5.57 million in 2016 to $17.40 million in 2023.
- High percentage of expenses dedicated to programs, demonstrating a focus on mission.
- Low administrative and fundraising costs, indicating efficient operations.
Frequently Asked Questions about The Open Door Shelter Inc
Is The Open Door Shelter Inc a legitimate charity?
The Open Door Shelter Inc (EIN: 222536909) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $10.7M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does The Open Door Shelter Inc spend its money?
The Open Door Shelter Inc directs 85% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to The Open Door Shelter Inc tax-deductible?
The Open Door Shelter Inc is registered as a tax-exempt nonprofit (EIN: 222536909). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Open Door Shelter Inc CEO make?
The Open Door Shelter Inc's highest-compensated officer earns $167,451 annually. The organization reported $10.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Open Door Shelter Inc's spending goes to programs?
The Open Door Shelter Inc directs 85% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Open Door Shelter Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Open Door Shelter Inc is above average for NTEE category L41Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Open Door Shelter Inc located?
The Open Door Shelter Inc is headquartered in Norwalk, Connecticut and files with the IRS under EIN 222536909. It is classified under NTEE code L41Z.
How many years of IRS 990 filings does The Open Door Shelter Inc have?
The Open Door Shelter Inc has 13 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 $10.7M in total revenue.
What does The Open Door Shelter Inc do?
The Open Door Shelter Inc is a nonprofit organization in the Housing & Shelter sector, located in Norwalk, Connecticut. It is classified under NTEE code L41Z.
How much revenue does The Open Door Shelter Inc have?
The Open Door Shelter Inc reported total revenue of $10,677,432. Based on 13 IRS 990 filings on record.
What are The Open Door Shelter Inc's total assets?
The Open Door Shelter Inc holds total assets of $17,403,287 as reported in IRS 990 filings.
Where is The Open Door Shelter Inc located?
The Open Door Shelter Inc is based in Norwalk, Connecticut.
What is The Open Door Shelter Inc's EIN?
The Open Door Shelter Inc's Employer Identification Number (EIN) is 222536909. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Open Door Shelter Inc?
The Open Door Shelter Inc is classified under NTEE code L41Z (Housing & Shelter).
Is The Open Door Shelter Inc a registered 501(c)(3)?
Yes, The Open Door Shelter Inc is recognized as a tax-exempt organization by the IRS. EIN: 222536909.
Does The Open Door Shelter Inc file IRS Form 990?
Yes, The Open Door Shelter Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was The Open Door Shelter Inc's revenue in 2023?
In the 202306 filing period, The Open Door Shelter Inc reported total revenue of $5,401,186, total expenses of $4,930,855, and net assets of $17,232,108.
Is The Open Door Shelter Inc's revenue growing or declining?
The Open Door Shelter Inc's revenue is relatively stable. Revenue went from $5,198,802 (202206) to $5,401,186 (202306), a +3.9% change. Based on 13 filings on record.
What is The Open Door Shelter Inc's most recent 990 filing?
The most recent IRS Form 990 filing for The Open Door Shelter Inc covers tax period 202306. It shows revenue of $5,401,186, expenses of $4,930,855, total assets of $17,232,108, and liabilities of $1,674,511.
How much does The Open Door Shelter Inc spend on programs vs administration?
Based on IRS 990 analysis, The Open Door Shelter Inc allocates approximately 85% of expenses to program services, 5% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is The Open Door Shelter Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, The Open Door Shelter Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are The Open Door Shelter Inc's strengths?
Positive indicators for The Open Door Shelter Inc include: Consistent revenue growth over the past several years, indicating stable funding.. Strong asset base, growing from $5.57 million in 2016 to $17.40 million in 2023.. High percentage of expenses dedicated to programs, demonstrating a focus on mission.. Low administrative and fundraising costs, indicating efficient operations.. These findings are derived from AI analysis of the organization's financial filings.
How does The Open Door Shelter Inc compensate executives?
Executive compensation appears reasonable, with the highest paid individual receiving $167,451 in 2023, which is appropriate for an organization of this size and complexity. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is The Open Door Shelter Inc?
1. The organization consistently files its Form 990s, providing a clear financial history. 2. Detailed breakdowns of revenue and expenses are available, showing consistent growth in assets. 3. Compensation details for key employees are disclosed, allowing for executive compensation assessment. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How has The Open Door Shelter Inc. managed to significantly increase its assets while maintaining a high program spending ratio?
The Open Door Shelter Inc. has consistently increased its assets from $5,574,231 in 2016 to $17,403,287 in 2023, while maintaining a high program spending ratio. This suggests effective fundraising and financial management, potentially through strategic investments or successful capital campaigns, without compromising direct program delivery.
Filing History
IRS 990 filing history for The Open Door Shelter Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Open Door Shelter Inc's revenue has grown by 78%, moving from $3.0M to $5.4M. Total assets increased by 290.2% over the same period, from $4.4M to $17.2M. Total functional expenses rose by 48%, from $3.3M to $4.9M. In its most recent filing year (2023), The Open Door Shelter Inc reported a surplus of $470K, with revenue exceeding expenses. The organization holds $1.7M in liabilities against $17.2M in assets (debt-to-asset ratio: 9.7%), resulting in net assets of $15.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.4M | $4.9M | $17.2M | $1.7M | — | View 990 |
| 2022 | $5.2M | $4.2M | $17.0M | $1.9M | — | View 990 |
| 2021 | $5.1M | $4.1M | $15.9M | $1.7M | — | View 990 |
| 2020 | $4.6M | $4.2M | $15.4M | $2.2M | — | View 990 |
| 2019 | $4.9M | $4.0M | $14.7M | $1.9M | — | View 990 |
| 2018 | $7.7M | $3.5M | $13.6M | $1.6M | — | View 990 |
| 2017 | $7.3M | $3.4M | $9.8M | $2.0M | — | View 990 |
| 2016 | $4.1M | $2.9M | $5.6M | $1.7M | — | View 990 |
| 2015 | $2.8M | $2.6M | $4.2M | $1.5M | — | View 990 |
| 2014 | $2.3M | $2.5M | $3.9M | $1.5M | — | View 990 |
| 2013 | $2.4M | $2.5M | $4.1M | $1.5M | — | View 990 |
| 2012 | $2.6M | $3.1M | $4.1M | $1.3M | — | View 990 |
| 2011 | $3.0M | $3.3M | $4.4M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.4M, expenses of $4.9M, and assets of $17.2M (revenue +3.9% year-over-year).
- 2022: Revenue of $5.2M, expenses of $4.2M, and assets of $17.0M (revenue +1.0% year-over-year).
- 2021: Revenue of $5.1M, expenses of $4.1M, and assets of $15.9M (revenue +12.2% year-over-year).
- 2020: Revenue of $4.6M, expenses of $4.2M, and assets of $15.4M (revenue -5.6% year-over-year).
- 2019: Revenue of $4.9M, expenses of $4.0M, and assets of $14.7M (revenue -37.2% year-over-year).
- 2018: Revenue of $7.7M, expenses of $3.5M, and assets of $13.6M (revenue +6.4% year-over-year).
- 2017: Revenue of $7.3M, expenses of $3.4M, and assets of $9.8M (revenue +78.6% year-over-year).
- 2016: Revenue of $4.1M, expenses of $2.9M, and assets of $5.6M (revenue +43.7% year-over-year).
- 2015: Revenue of $2.8M, expenses of $2.6M, and assets of $4.2M (revenue +23.3% year-over-year).
- 2014: Revenue of $2.3M, expenses of $2.5M, and assets of $3.9M (revenue -2.5% year-over-year).
- 2013: Revenue of $2.4M, expenses of $2.5M, and assets of $4.1M (revenue -10.9% year-over-year).
- 2012: Revenue of $2.6M, expenses of $3.1M, and assets of $4.1M (revenue -12.8% year-over-year).
- 2011: Revenue of $3.0M, expenses of $3.3M, and assets of $4.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Open Door Shelter Inc:
Data Sources and Methodology
This transparency report for The Open Door Shelter 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.