Open Doors Louisiana Inc

Analysis

Open Doors Louisiana Inc is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Open Doors Louisiana Inc reported income of $597k and spending of $733k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $282k to $597k (+112%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 62%. Over the whole period it spent 134% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Open Doors Louisiana Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within LA. Charities of a similar size with the same main cause include McKendree Arbors at Springfield Inc ($597k), Orrvilla Manor I Inc ($597k) and McDowell Housing Corporation ($597k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $135k. At year end it held assets of $4.0m against liabilities of $4.8m, net assets of -$846k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.