Open Door Ventures

Analysis

Open Door Ventures is a registered charity in United States, based in Renton, WA. It received its IRS tax-exemption ruling in November 1993, 33 years ago. 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 Door Ventures reported income of $434k and spending of $401k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $314k to $434k (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2020, when income rose by 22%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Open Door Ventures sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within WA. Charities of a similar size with the same main cause include Vet Guard USA Inc ($434k), Lupus Foundation of America Texas Gulf Coast Chapter Inc ($434k) and Lhsa the International Leica Society ($434k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 28% of the total. Other salaries and wages came to $49k. At year end it held assets of $1.6m against liabilities of $1.3m, net assets of $295k.