Opening Doors

Analysis

Opening Doors is a registered charity in United States, based in Dubuque, IA. It received its IRS tax-exemption ruling in March 1946, 80 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 August 2023, Opening Doors reported income of $1.6m and spending of $923k, leaving 42% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $801k to $1.6m (+98%), an average of +19% a year. The sharpest change came in the year to August 2021, when income rose by 57%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Opening Doors sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within IA. Charities of a similar size with the same main cause include San Bernardino & Riverside Counties Union Services Agency ($1.6m), Franciscan Care Services ($1.6m) and Enactus ($1.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 79% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $85k (9.3% of expenses). Other salaries and wages came to $426k. At year end it held assets of $4.0m against liabilities of $60k, net assets of $3.9m. It reported 29 employees.