Open Source Vision Foundation

Analysis

Open Source Vision Foundation is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Source Vision Foundation reported income of $361k and spending of $251k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $693k to $361k (-48%), an average of -15% a year. The sharpest change came in the year to December 2022, when income dropped by 78%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Open Source Vision Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Redwood Credit Union Community Fund Inc ($361k), Nam Endowment Fund ($361k) and Jonathans Landing Cares Inc ($361k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. At year end it held assets of $614k against liabilities of $11k, net assets of $603k.