The Open Door Shelter Inc

Analysis

The Open Door Shelter Inc is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in December 1984, 42 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 June 2023, The Open Door Shelter Inc reported income of $5.4m and spending of $4.9m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.9m to $5.4m (+11%), an average of +2.7% a year. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Open Door Shelter 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 92nd percentile, and in the 91st percentile within CT. Charities of a similar size with the same main cause include Flagstaff Shelter Services Inc ($5.4m), Watts Community Housing Corp ($5.4m) and Housing Opportunities Made Equal of Virginia Inc ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $227k (4.6% of expenses). Other salaries and wages came to $1.9m. It paid $59k in professional fundraising fees. At year end it held assets of $17.2m against liabilities of $1.7m, net assets of $15.6m. It reported 65 employees.