Openhouse

Analysis

Openhouse is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in February 2000, 26 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 June 2023, Openhouse reported income of $5.1m and spending of $4.7m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.2m to $5.1m (-3.1%), an average of -0.8% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 75% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Openhouse sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Asian Community Development Corp ($5.1m), On the Rise Inc ($5.1m) and Kenmore Plaza Tenants Association ($5.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $304k (6.4% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $10.3m against liabilities of $589k, net assets of $9.7m. It reported 44 employees.