Open Door Ministry Inc

Analysis

Open Door Ministry Inc is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in August 1988, 38 years ago. 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 Door Ministry Inc reported income of $244k and spending of $252k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $298k to $244k (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2021, when income dropped by 22%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Open Door Ministry Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within OH. Charities of a similar size with the same main cause include TRL Productions ($244k), Clarksburg-Harrison Cultural Foundation Inc ($244k) and National Black Nurses Association Inc ($244k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 8.8% of the total. Compensation of current officers, directors and key employees was $60k (24% of expenses). Other salaries and wages came to $66k. At year end it held assets of $656k against liabilities of $320, net assets of $656k.