Freehold Area Open Door Inc

Analysis

Freehold Area Open Door Inc is a registered charity in United States, based in Freehold, NJ. It received its IRS tax-exemption ruling in June 1988, 38 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Freehold Area Open Door Inc reported income of $1.5m and spending of $1.5m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $444k to $1.5m (+233%), an average of +35% a year. The sharpest change came in the year to December 2020, when income rose by 68%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Freehold Area Open Door Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include Thomas Campbell Apartments Inc ($1.5m), Saint Andrews Lighthouse Dba Gabrie Lhouse of Care ($1.5m) and 607 Concord Avenue Housing Development Fund Corporation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $128k. At year end it held assets of $181k against liabilities of $0, net assets of $181k. It reported 3 employees.