Open Door Housingworks

Analysis

Open Door Housingworks is a registered charity in United States, based in Hillsboro, OR. It received its IRS tax-exemption ruling in December 1986, 40 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 Housingworks reported income of $7.6m and spending of $5.0m, leaving 35% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $373k to $7.6m (+1950%), an average of +83% a year. The sharpest change came in the year to December 2023, when income rose by 197%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Open Door Housingworks sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within OR. Charities of a similar size with the same main cause include McLaughlin Research Institute for Biomedical Sciences ($7.6m), Northeastern Association of the Blind at Albany Inc ($7.6m) and A B C Recovery Center Inc ($7.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $120k (2.4% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $4.1m against liabilities of $247k, net assets of $3.9m. It reported 92 employees.