Open Path Center Inc

Analysis

Open Path Center Inc is a registered charity in United States, based in Rome, GA. It received its IRS tax-exemption ruling in December 1972, 54 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Center Inc reported income of $1.4m and spending of $1.3m, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $973k to $1.4m (+40%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Open Path Center Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within GA. Charities of a similar size with the same main cause include Catholic Charities Community Development Corporation ($1.4m), Colorado Fiscal Institute ($1.4m) and Ste Genevieve Co Shelter Workshop ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $70k (5.5% of expenses). Other salaries and wages came to $593k. At year end it held assets of $593k against liabilities of $34k, net assets of $559k. It reported 27 employees.