Open Future Institute

Analysis

Open Future Institute is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2014, 12 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 Future Institute reported income of $541k and spending of $387k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $276k to $541k (+96%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 67%. Over the whole period it spent 80% 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 Future Institute sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Finger Lakes Opera Inc ($541k), WSLR Inc ($541k) and Centro de Conservacion Y Restauracion de Puerto Rico Inc ($541k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 9.0% of the total. Compensation of current officers, directors and key employees was $106k (27% of expenses). Other salaries and wages came to $139k. At year end it held assets of $863k against liabilities of $5,081, net assets of $858k. It reported 4 employees.