Open Media Foundation

Analysis

Open Media Foundation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in August 2005, 21 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Open Media Foundation reported income of $722k and spending of $742k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $722k (-51%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 32%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Open Media Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within CO. Charities of a similar size with the same main cause include Aurora Women and Girls Foundation Inc ($722k), Glass Axis ($722k) and Royall House Association ($722k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.5% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $100k (14% of expenses). Other salaries and wages came to $272k. At year end it held assets of $1.8m against liabilities of $32k, net assets of $1.8m. It reported 8 employees.