The Open Door of Perquimans County Inc

Analysis

The Open Door of Perquimans County Inc is a registered charity in United States, based in Hertford, NC. It received its IRS tax-exemption ruling in March 1983, 43 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, The Open Door of Perquimans County Inc reported income of $747k and spending of $135k, leaving 82% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $138k to $747k (+441%), an average of +441% a year. The sharpest change came in the year to December 2023, when income rose by 441%. Over the whole period it spent 22% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Open Door of Perquimans County Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include Crescendo Academy of Music Inc ($747k), American Friends of Yeshivat Ateret Hatora Inc ($747k) and Oak Park Preschool Inc ($747k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $936k against liabilities of $146k, net assets of $791k.