An Open Book Foundation

Analysis

An Open Book Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, An Open Book Foundation reported income of $642k and spending of $698k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income grew from $433k to $642k (+48%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 258%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, An Open Book Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 47th percentile within DC. Charities of a similar size with the same main cause include Onward and Upward ($642k), Ely Chapman Education Foundation ($642k) and The School of Architecture ($642k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $75k (11% of expenses). Other salaries and wages came to $336k. At year end it held assets of $498k against liabilities of $8,235, net assets of $490k. It reported 8 employees.