Openbiome Foundation Inc

Analysis

Openbiome Foundation Inc is a registered charity in United States, based in Westport, MA. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Openbiome Foundation Inc reported income of $4.4m and spending of $3.5m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.5m to $4.4m (-58%), an average of -20% a year. The sharpest change came in the year to December 2023, when income rose by 107%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Openbiome Foundation Inc 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 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Retired Professional Football Players Common Good Fund Inc ($4.4m), Yoga Sangeeta Inc ($4.4m) and United Methodist Senior Services of Desoto County Inc ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $440k (13% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $10.0m against liabilities of $1.2m, net assets of $8.7m. It reported 23 employees.