Open Door Ministries of High Point Inc

Analysis

Open Door Ministries of High Point Inc is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in March 1988, 38 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Door Ministries of High Point Inc reported income of $1.6m and spending of $1.8m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.7m to $1.6m (-6.2%), an average of -1.6% a year. The sharpest change came in the year to June 2023, when income dropped by 25%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Open Door Ministries of High Point Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Hill House Inc ($1.6m), Homes for Veterans a NJ Non Profit Corporation ($1.6m) and Alice Manor Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $96k (5.4% of expenses). Other salaries and wages came to $778k. At year end it held assets of $761k against liabilities of $166k, net assets of $594k. It reported 45 employees.