Openplans Inc

Analysis

Openplans Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Openplans Inc reported income of $4.9m and spending of $2.8m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $811k to $4.9m (+508%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 2493%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Openplans Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Hudson Montessori Association ($4.9m), Marco Island Academy a Public Charter High School Inc ($4.9m) and Atlanta Concorde Fire Soccer Association Inc ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $360k (13% of expenses). Other salaries and wages came to $1.4m. It paid $87k in professional fundraising fees. At year end it held assets of $4.5m against liabilities of $186k, net assets of $4.4m. It reported 24 employees.