Opendoors is a 501(c)(3) organization based in Providence, Rhode Island, registered in 2002, with $6,686,837 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$6.7M
▼ 24.4% vs prior year
Human Services median: $293K
Expenses (FY2024)
$6.8M
Net assets
$3.1M
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Opendoors— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Opendoors: 6 mo reserves · -1% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Opendoors— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Opendoors: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $755K (FY2019) to $6.7M (FY2024) across 6 reported years.
Financial snapshot
Operating margin
-1.1%
Spent more than it raised in the latest fiscal year.
Total assets
$7.1M
Total liabilities
$4.0M
Net assets
$3.1M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $6,686,837▼24.4% | $6,759,725▼13.3% | $3,124,926▼4.0% | $7,110,246▲3.4% | 990 |
| 2023 | $8,842,030▲216% | $7,798,616▲173% | $3,253,614▲45.3% | $6,875,690▲26.3% | 990 |
| 2022 | $2,794,580▲65.9% | $2,858,581▲133% | $2,239,575▼2.9% | $5,442,391▲11.0% | 990 |
| 2021 | $1,684,846▲55.1% | $1,227,972▲33.7% | $2,307,612▲24.7% | $4,902,264▲14.3% | 990 |
| 2020 | $1,086,213▲44.0% | $918,679▲42.5% | $1,850,739▲7.8% | $4,287,711▲6.7% | 990 |
| 2019 | $754,502 | $644,699 | $1,717,159 | $4,018,188 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
27 grants to Opendoors totaling $2.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Rhode Island Community Foundation | Housing (primary) | 2024 | $220,000 |
| Local Initiatives Support Corporation | See part iv | 2024 | $71,668 |
| The Rhode Island Community Foundation | Housing | 2023 | $310,000 |
| Local Initiatives Support Corporation | See part iv | 2023 | $80,577 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $76,250 |
| The Rhode Island Community Foundation | Women's reentry transitional house | 2022 | $87,000 |
| Local Initiatives Support Corporation | See part iv | 2022 | $55,608 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $226,382 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $226,382 |
| The Rhode Island Community Foundation | Discharge planning, reentry housing and homeless outreach; covid-19 vaccination incentive fund grant; opendoors employment program; opendoors re-entry housing; opendoors re-entry housing; women's reentry transitional house; general operating | 2021 | $205,000 |
| Donor Advised Charitable Giving | Public, societal benefit | 2021 | $10,200 |
| Local Initiatives Support Corporation | See part iv | 2020 | $55,969 |
| The Rhode Island Community Foundation | Blue angel community health grant | 2020 | $40,000 |
| The Rhode Island Community Foundation | Blue angel community health grant funding | 2020 | $40,000 |
Explore more
Data for Opendoors (EIN 52-2374370) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.