Open Water Foundation

Analysis

Open Water Foundation is a registered charity in United States, based in Severance, CO. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 Water Foundation reported income of $108k and spending of $108k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $204k to $108k (-47%), an average of -15% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 102% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Open Water Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 35th percentile within CO. Charities of a similar size with the same main cause include Cleantx Foundation Inc ($108k), Western Cave Conservancy ($108k) and Izaak Walton League of America Inc ($108k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $75k. At year end it held assets of $5,771 against liabilities of $1,402, net assets of $4,369. It reported 2 employees.