Opengate Inc

Analysis

Opengate Inc is a registered charity in United States, based in Armonk, NY. It received its IRS tax-exemption ruling in November 1969, 57 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 December 2023, Opengate Inc reported income of $23.1m and spending of $23.4m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $20.4m to $23.1m (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Opengate 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 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Open Hand Atlanta Inc ($23.0m), Rockland Independent Living Center Inc ($23.1m) and LA Casa de Don Pedro Inc ($23.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.5m (6.3% of expenses). Other salaries and wages came to $13.2m. At year end it held assets of $22.8m against liabilities of $7.9m, net assets of $14.9m. It reported 343 employees.