Opening Word Program Inc

Analysis

Opening Word Program Inc is a registered charity in United States, based in Amityville, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending August 2023, Opening Word Program Inc reported income of $291k and spending of $395k, spending 136% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $421k to $291k (-31%), an average of -8.8% a year. The sharpest change came in the year to August 2022, when income dropped by 32%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Opening Word Program Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Wayne County Historical Association Inc ($291k), Star Township Volunteer Fire Department Inc ($291k) and Northern Ohio Youth Orchestra Inc ($291k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $248k. At year end it held assets of $393k against liabilities of $4,477, net assets of $388k. It reported 19 employees.