Owasp Foundation Inc

Analysis

Owasp Foundation Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Owasp Foundation Inc reported income of $3.2m and spending of $3.5m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.5m to $3.2m (-9.7%), an average of -2.5% a year. The sharpest change came in the year to December 2022, when income rose by 79%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Owasp Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within DE. Charities of a similar size with the same main cause include Florida Holocaust Museum Inc ($3.2m), Austin Zoo ($3.2m) and Charleston Museum ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $155k (4.5% of expenses). Other salaries and wages came to $474k. At year end it held assets of $1.8m against liabilities of $78k, net assets of $1.7m. It reported 6 employees.