Open Door Foundation Inc

Analysis

Open Door Foundation Inc is a registered charity in United States, based in Ossining, NY. It received its IRS tax-exemption ruling in September 1992, 34 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Open Door Foundation Inc reported income of $3.6m and spending of $2.7m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $3.6m (+6.3%), an average of +1.5% a year. The sharpest change came in the year to December 2020, when income dropped by 45%. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Open Door Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Our Community Foundation Inc ($3.6m), One World Childrens Fund ($3.6m) and Peninsula Community Foundation of Virginia ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $46k (1.7% of expenses). Other salaries and wages came to $351k. At year end it held assets of $16.4m against liabilities of $3.1m, net assets of $13.3m. It reported 9 employees.