Open Hearts
Phoenix, Arizona
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Good
How This Organization Compares
Compared to 15 peers in Human Services with $10M-$100M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
12 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $8,849,269↑33% | $8,877,265↑15% | $6,605,120↑7% | — |
| 2022 | $6,637,104↓19% | $7,744,430↑2% | $6,199,066↓17% | — |
| 2021 | $8,151,667↓7% | $7,589,951↑1% | $7,456,283↑2% | — |
| 2020 | $8,786,162↑9% | $7,503,674↑14% | $7,297,509↑34% | — |
| 2019 | $8,044,786↑24% | $6,586,153↑2% | $5,436,592↑24% | — |
| 2018 | $6,468,412↓2% | $6,462,766↑3% | $4,391,786↑13% | — |
| 2017 | $6,594,877 | $6,249,284↓2% | $3,888,379↓1% | — |
| 2016 | $6,572,199↑7% | $6,363,866↑9% | $3,913,618↓1% | — |
| 2015 | $6,115,921↓3% | $5,842,607↓5% | $3,955,787↑24% | — |
| 2014 | $6,316,966↑5% | $6,127,191↑5% | $3,196,069↑6% | — |
| 2013 | $6,006,242↑7% | $5,829,064↑6% | $3,015,023↑14% | — |
| 2012 | $5,594,489 | $5,478,077 | $2,638,451 | — |
Frequently Asked Questions
What does Open Hearts do?▼
Open Hearts is a human services nonprofit organization based in Arizona. It is classified under NTEE code P730 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Open Hearts financially healthy?▼
Based on our 9-metric Financial Health Score model, Open Hearts has a score of 68/100 (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 Open Hearts generate?▼
Open Hearts reports $12.5M in annual revenue and holds $8.9M in total assets, based on IRS filings.
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