Open Humans Foundation

Analysis

Open Humans Foundation is a registered charity in United States, based in Sanford, NC. It received its IRS tax-exemption ruling in October 2008, 18 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 2022, Open Humans Foundation reported income of $59k and spending of $55k, spending 94% of its income. Across the 3 years on record, from December 2019 to December 2022, income fell from $300k to $59k (-80%), an average of -56% a year. The sharpest change came in the year to December 2021, when income dropped by 82%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Open Humans Foundation sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within NC. Charities of a similar size with the same main cause include Philippine Nurses Association of Nevada ($59k), Global Dare Foundation ($59k) and Snyder-Robinson Foundation ($59k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 99% of the total. At year end it held assets of $233k against liabilities of $4,733, net assets of $228k.