Orcid Inc

Analysis

Orcid Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Orcid Inc reported income of $5.7m and spending of $5.1m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $5.7m (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Orcid Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MD. Charities of a similar size with the same main cause include Raising a Reader ($5.7m), Plumas Alternative Learning Services ($5.7m) and Oswego College Foundation Inc ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $488k (9.5% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $6.0m against liabilities of $2.6m, net assets of $3.4m. It reported 10 employees.