Open Path Resources Professional Service Corporation

Analysis

Open Path Resources Professional Service Corporation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 June 2023, Open Path Resources Professional Service Corporation reported income of $454k and spending of $498k, spending 110% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $114k to $454k (+298%), an average of +58% a year. The sharpest change came in the year to June 2022, when income rose by 124%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Open Path Resources Professional Service Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MN. Charities of a similar size with the same main cause include Northern Light Ministries ($454k), Indo-Chinese Islamic Center ($454k) and Bible Outreach Ministries ($454k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $227k (46% of expenses). Other salaries and wages came to $96k. At year end it held assets of $50k against liabilities of $0, net assets of $50k. It reported 5 employees.