Open Door Ministries of High Point Foundation Inc

Analysis

Open Door Ministries of High Point Foundation Inc is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Open Door Ministries of High Point Foundation Inc reported income of $455k and spending of $225k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $363k to $455k (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2020, when income rose by 140%. Over the whole period it spent 20% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Open Door Ministries of High Point Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include Podcast Educational Foundation ($455k), Life Giving Resources Inc ($455k) and Avatar Meher Baba Heartland Center ($455k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $3.7m against liabilities of $0, net assets of $3.7m.