Open Doors Inc

Analysis

Open Doors Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Open Doors Inc reported income of $6.1m and spending of $5.9m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $6.1m (+74%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 75%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Open Doors Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include Bernies Book Bank ($6.0m), Colorado Future Farmers of America Foundation ($6.1m) and Gary Comer Youth Center ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $579k (9.8% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $4.7m against liabilities of $1.5m, net assets of $3.3m. It reported 215 employees.