Open Doors Homeless Coalition

Analysis

Open Doors Homeless Coalition is a registered charity in United States, based in Gulfport, MS. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Doors Homeless Coalition reported income of $2.5m and spending of $2.4m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.5m (+70%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 276%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Open Doors Homeless Coalition sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within MS. Charities of a similar size with the same main cause include New Walton Avenue HDFC ($2.5m), Ohio Capital Impact Corporation ($2.5m) and Lake Forest Senior Living Community Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $219k (9.0% of expenses). Other salaries and wages came to $348k. At year end it held assets of $724k against liabilities of $51k, net assets of $673k. It reported 20 employees.