Open Door Assoc Inc

Analysis

Open Door Assoc Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1961, 65 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Open Door Assoc Inc reported income of $1.6m and spending of $1.5m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.6m (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Open Door Assoc Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Victims Resource Center ($1.6m), Gianna Homes-Sursum Corda ($1.6m) and Harvest Thrift Store ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $171k (12% of expenses). Other salaries and wages came to $716k. At year end it held assets of $325k against liabilities of $174k, net assets of $151k. It reported 26 employees.