Open Path Retreat Center Inc

Analysis

Open Path Retreat Center Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in January 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Open Path Retreat Center Inc reported income of $348k and spending of $151k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $13k to $348k (+2655%), an average of +129% a year. The sharpest change came in the year to December 2023, when income rose by 605%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Open Path Retreat Center Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include Lees Pre-School Center ($347k), Pregnancy Care Centers Inc ($348k) and Curanopy Inc ($347k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $804k against liabilities of $0, net assets of $804k.