Open Doors to Future Possibilities Inc

Analysis

Open Doors to Future Possibilities Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in August 2019, 7 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 to Future Possibilities Inc reported income of $212k and spending of $211k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $202k to $212k (+5.0%), an average of +2.5% a year. The sharpest change came in the year to December 2022, when income rose by 71%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Open Doors to Future Possibilities Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Glacc Inc ($212k), Clarion Countys Promise Inc ($212k) and New Hope on the Last Frontier ($212k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 224% and program service revenue 5.3% of the total. Compensation of current officers, directors and key employees was $33k (15% of expenses). Other salaries and wages came to $77k. At year end it held assets of $84k against liabilities of $87k, net assets of -$2,865. It reported 17 employees.