Open Education Global Incorporated

Analysis

Open Education Global Incorporated is a registered charity in United States, based in Concord, MA. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Open Education Global Incorporated reported income of $1.5m and spending of $1.8m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.5m (+5.2%), an average of +1.3% a year. The sharpest change came in the year to June 2021, when income rose by 295%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Open Education Global Incorporated sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Sheet Metal Workers Local 27 Educational Trust Fund ($1.5m), South Louisiana Facilities Corp ($1.5m) and Episcopal Collegiate School Foundation ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $276k (16% of expenses). Other salaries and wages came to $163k. At year end it held assets of $1.9m against liabilities of $204k, net assets of $1.7m. It reported 4 employees.