Open Arts Alliance Inc

Analysis

Open Arts Alliance Inc is a registered charity in United States, based in Greenwich, CT. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2024, Open Arts Alliance Inc reported income of $490k and spending of $350k, leaving 29% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $272k to $490k (+80%), an average of +34% a year. The sharpest change came in the year to June 2024, when income rose by 65%. Over the whole period it spent 68% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Open Arts Alliance Inc sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within CT. Charities of a similar size with the same main cause include Marsing Ambulance Service Inc ($490k), Triple H Equitherapy Center ($490k) and GMC the Berry Patch ($490k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 28% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $7,692 (2.2% of expenses). Other salaries and wages came to $80k. At year end it held assets of $522k against liabilities of $93k, net assets of $429k. It reported 4 employees.