DEMOGRAPHIC
ADDRESS
201 SHADY REST RD
28655
COUNTY
burke county, NC
ORGANIZATIONAL OVERVIEW & RANKINGS
OPEN HEARTS PLACE is a based in MORGANTON, NC, focused on Housing, Shelter causes , specifically Housing Development, Construction, Management. Established in August 2020, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $788,640.00, this ranks 240,348 among 2,656,690 nonprofits nationally (Top 10%), demonstrating substantial financial capacity relative to its peers. At the state level, it stands at 6,255 out of 80,207 organizations in NC (Top 8%).
In burke county, NC, the organization ranks 51 out of 471 nonprofits by assets (Top 11%), while locally in morganton, it stands at 37 among 337 organizations (Top 10%).
The organization reported annual revenue of $267,944.00, ranking 251,105 nationally (Top 10%) and 7,320 in NC (Top 10%).
Within its specific NTEE classification (L20 - L: Housing, Shelter), which includes 6,518 similar organizations, OPEN HEARTS PLACE ranks 1,793 in assets (Top 28%) and 1,332 in revenue (Top 21%).
The organization files a 990 (all other) or 990EZ return and operates on a May fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
L: Housing, Shelter
NTEE CODE
L20: Housing Development, Construction, Management
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
06/2023
ACCOUNTING PERIOD
06
INCOME CODE
4: $100,000 to $499,999
INCOME AMOUNT
$267,944.00
FORM 990 REVENUE AMOUNT
$267,944.00
RULING DATE
08/2020
ASSET CODE
5: $500,000 to $999,999
ASSET AMOUNT
$788,640.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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