Open House Ministries Inc

Analysis

Open House Ministries Inc is a registered charity in United States, based in Vancouver, WA. It received its IRS tax-exemption ruling in August 1987, 39 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Open House Ministries Inc reported income of $7.0m and spending of $2.6m, leaving 62% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.7m to $7.0m (+160%), an average of +27% a year. The sharpest change came in the year to September 2022, when income rose by 166%. Over the whole period it spent 44% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Open House Ministries Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within WA. Charities of a similar size with the same main cause include Affordable Housing Alliance II Inc ($7.0m), Bhi Retirement Communities Inc ($7.0m) and Latino Economic Development Center ($7.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $112k (4.2% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $20.3m against liabilities of $788k, net assets of $19.6m. It reported 40 employees.