Open to Debate Foundation

Analysis

Open to Debate Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Open to Debate Foundation reported income of $2.9m and spending of $3.0m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $2.9m (+1.5%), an average of +0.4% a year. The sharpest change came in the year to June 2021, when income dropped by 48%. Over the whole period it spent 105% 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 to Debate Foundation 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 86th percentile within NY. Charities of a similar size with the same main cause include Mosier Community School Foundation Inc ($2.9m), Stiefel Theatre for the Performing Arts Foundation ($2.9m) and Martha Graham Center of Contemporary Dance Inc ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $388k (13% of expenses). Other salaries and wages came to $783k. At year end it held assets of $820k against liabilities of $1.1m, net assets of -$289k. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.