Open Inc

Analysis

Open Inc is a registered charity in United States, based in Aldie, VA. It received its IRS tax-exemption ruling in January 2004, 22 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 December 2023, Open Inc reported income of $99k and spending of $74k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $30k to $99k (+233%), an average of +233% a year. The sharpest change came in the year to December 2023, when income rose by 233%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Open Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within VA. Charities of a similar size with the same main cause include Women Education Leaders in Virginia ($99k), Madison Central High School Parent Teacher Organization ($99k) and Creekside PTO Inc ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $129k against liabilities of $0, net assets of $129k.