Open Sky Radio Corporation

Analysis

Open Sky Radio Corporation is a registered charity in United States, based in Farmington, ME. It received its IRS tax-exemption ruling in May 2013, 13 years ago. Its declared purposes cover arts, culture and humanities, 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, Open Sky Radio Corporation reported income of $148k and spending of $162k, spending 110% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $36k to $148k (+306%), an average of +60% a year. The sharpest change came in the year to December 2022, when income rose by 290%. Over the whole period it spent 116% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Open Sky Radio Corporation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 40th percentile within ME. Charities of a similar size with the same main cause include Eli Whitney Blake House Preservation Trust Inc ($148k), Northwest Choir Resources ($148k) and Single Event Effects Symposium ($148k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $62k (38% of expenses). At year end it held assets of $214k against liabilities of $105k, net assets of $109k. It reported 1 employees.