Open Stories Foundation

Analysis

Open Stories Foundation is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Stories Foundation reported income of $1.2m and spending of $828k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $464k to $1.2m (+157%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 78% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Open Stories Foundation sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within UT. Charities of a similar size with the same main cause include Good Works Ministries ($1.2m), Integrity Resource Center Inc ($1.2m) and Sayaji U Ba Khin Vipassana Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $220k (27% of expenses). Other salaries and wages came to $65k. At year end it held assets of $979k against liabilities of $4,722, net assets of $974k. It reported 3 employees.