Open Source Hardware Association

Analysis

Open Source Hardware Association is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Hardware Association reported income of $105k and spending of $303k, spending 290% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.1m to $105k (-90%), an average of -69% a year. The sharpest change came in the year to December 2022, when income dropped by 94%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Open Source Hardware Association sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 34th percentile within CO. Charities of a similar size with the same main cause include St Francis Care Center Inc ($105k), Chasentailz KDW Fishing Tournament Inc ($105k) and Hope on the Hill Inc ($105k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $101k (33% of expenses). Other salaries and wages came to $121k. At year end it held assets of $107k against liabilities of $159, net assets of $107k. It reported 1 employees.