Open Door Preschools

Analysis

Open Door Preschools is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in October 1975, 51 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Open Door Preschools reported income of $3.2m and spending of $3.6m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $3.2m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Open Door Preschools sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Houston Police Foundation ($3.2m), Casa Teresa Inc ($3.2m) and Children for Tomorrow ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $97k (2.7% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $1.7m against liabilities of $332k, net assets of $1.4m. It reported 104 employees.