Open Doors Kalamazoo

Analysis

Open Doors Kalamazoo is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in June 1971, 55 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 Kalamazoo reported income of $2.1m and spending of $1.8m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.1m (+89%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 623%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Open Doors Kalamazoo sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include Westminster Village of Mid-South ($2.1m), Cardinal Newman Society for the Preservation of Catholic HGR Educ ($2.1m) and Benjamin House Inc TR ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $180k (9.9% of expenses). Other salaries and wages came to $635k. At year end it held assets of $5.5m against liabilities of $221k, net assets of $5.3m. It reported 19 employees.