Open Door Multilingual Preschool Inc

Analysis

Open Door Multilingual Preschool Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in November 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Open Door Multilingual Preschool Inc reported income of $250k and spending of $214k, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $270k to $250k (-7.3%), an average of -1.9% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Open Door Multilingual Preschool Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Suffolk Academy of Law ($250k), Athletics Booster Club of NPHS ($251k) and Johnny Unitas Golden Arm Educational Foundation Inc ($250k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Other salaries and wages came to $189k. At year end it held assets of $125k against liabilities of $2,079, net assets of $123k. It reported 5 employees.