Open Learning Exchange Inc

Analysis

Open Learning Exchange Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 Learning Exchange Inc reported income of $84k and spending of $99k, spending 117% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $693k to $84k (-88%), an average of -50% a year. The sharpest change came in the year to December 2021, when income dropped by 80%. Over the whole period it spent 96% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Open Learning Exchange Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 40th percentile within MA. Charities of a similar size with the same main cause include Heart Smiles Inc ($84k), Better World Fund ($84k) and Foundation for Better Education ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $176k against liabilities of $179k, net assets of -$2,724.