Open Door Thrift Store Corporation

Analysis

Open Door Thrift Store Corporation is a registered charity in United States, based in Aurora, IN. It received its IRS tax-exemption ruling in December 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Open Door Thrift Store Corporation reported income of $404k and spending of $422k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $326k to $404k (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Open Door Thrift Store Corporation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IN. Charities of a similar size with the same main cause include Upland-Foothill Kiwanis Foundation ($404k), Honoring Our Wounded Military Inc ($404k) and Delaware Family Restoration Services ($404k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $35k (8.2% of expenses). Other salaries and wages came to $150k. At year end it held assets of $110k against liabilities of $0, net assets of $110k. It reported 16 employees.