P โ€” Human ServicesEIN: 522374370ยท Ruling Year: 2002

Opendoors

Providence, Rhode Island

B+Health Score
72B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

๐Ÿ’ฐ
$2.8M
Total Revenue
๐Ÿ“Š
$2.9M
Total Expenses
๐Ÿฆ
$2.2M
Net Assets
๐Ÿ“‹
$3.2M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+65.9%
Year-over-year change (2022 โ†’ 2023)
Net Margin
-2.3%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.78
Net assets divided by total expenses
Liabilities-to-Assets
58.8%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$2,794,580โ†‘66%$2,858,581โ†‘133%$5,442,391โ†‘11%
2022$1,684,846โ†‘55%$1,227,972โ†‘34%$4,902,264โ†‘14%
2021$1,086,213โ†‘44%$918,679โ†‘42%$4,287,711โ†‘7%
2020$754,502โ†‘11%$644,699โ†“16%$4,018,188โ†‘3%
2019$678,755โ†“39%$768,833โ†“32%$3,911,779โ†“3%
2018$1,106,789โ†‘9%$1,127,307โ†‘6%$4,015,741โ†“1%
2017$1,017,075โ†‘6%$1,059,985โ†‘2%$4,044,296โ†“1%
2016$963,773โ†‘5%$1,043,940โ†‘4%$4,090,453โ†“2%
2015$917,338โ†‘2%$1,005,389โ†‘4%$4,194,460โ†“1%
2014$897,948โ†“4%$971,092โ†“16%$4,255,553โ†“2%
2013$937,402โ†“5%$1,160,256โ†‘20%$4,348,890โ†“1%
2012$986,868โ†“13%$965,559โ†“21%$4,410,818โ†‘35%
2011$1,139,497$1,215,100$3,273,563

Frequently Asked Questions

What does Opendoors do?โ–ผ

Opendoors is a human services nonprofit organization based in Rhode Island. It is classified under NTEE code P40 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Opendoors financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, Opendoors has a score of 72/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Opendoors generate?โ–ผ

Opendoors reports $8.8M in annual revenue and holds $6.9M in total assets, based on IRS filings.

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Opendoors โ€” Providence, RI | GiveScope