Open Hearts for Orphans Inc

Analysis

Open Hearts for Orphans Inc is a registered charity in United States, based in Delray Beach, FL. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Hearts for Orphans Inc reported income of $474k and spending of $401k, spending 85% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $322k to $474k (+47%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Open Hearts for Orphans Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include The Freedom Center Inc ($474k), Lakes Region Food Pantry ($474k) and Shepherd Foundation Ltd ($474k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $36k. At year end it held assets of $235k against liabilities of $1,537, net assets of $234k. It reported 1 employees.