Open Eye Pictures Inc

Analysis

Open Eye Pictures Inc is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in July 2006, 20 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 Eye Pictures Inc reported income of $389k and spending of $296k, leaving 24% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $227k to $389k (+72%), an average of +11% a year. The sharpest change came in the year to December 2019, when income rose by 410%. Over the whole period it spent 58% 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 Eye Pictures Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Kentucky Classic Arts at Centre Square Inc ($389k), Pieter ($389k) and Villages Philharmonic ($389k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $96k (32% of expenses). At year end it held assets of $873k against liabilities of $73k, net assets of $801k. It reported 1 employees.