Open Door Christian Schools Inc

Analysis

Open Door Christian Schools Inc is a registered charity in United States, based in Elyria, OH. It received its IRS tax-exemption ruling in January 1978, 48 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Open Door Christian Schools Inc reported income of $14.2m and spending of $6.8m, leaving 52% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $14.2m (+219%), an average of +34% a year. The sharpest change came in the year to June 2023, when income rose by 145%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Open Door Christian Schools Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Dublin School Inc ($14.2m), Southwestern Christian University Inc ($14.2m) and LA Academia de Estrellas ($14.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $275k (4.0% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $10.3m against liabilities of $1.2m, net assets of $9.1m. It reported 125 employees.