Open Doors Solutions Inc

Analysis

Open Doors Solutions Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in August 2018, 8 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 Doors Solutions Inc reported income of $2.8m and spending of $2.9m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $2.8m (+177%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 751%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Open Doors Solutions Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within GA. Charities of a similar size with the same main cause include Ride Solution Inc ($2.8m), F I R S T ($2.8m) and Arnette House Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $221k (7.6% of expenses). Other salaries and wages came to $901k. At year end it held assets of $5.5m against liabilities of $349k, net assets of $5.2m. It reported 23 employees.