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Open Up Resources

RegisteredEIN 47-3240638Menlo Park, CAEducation and training
Income$24.5m2023-12
Spending$22.2msame year
Spent / received84%5-year average
Size in its cause97th pctEducation and training
Exempt since2015Publicly supported organisat
Employees66latest return

Analysis

Open Up Resources is a registered charity in United States, based in Menlo Park, CA. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Up Resources reported income of $24.5m and spending of $22.2m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.0m to $24.5m (+53%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Open Up Resources sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include School Lane Charter School ($24.3m), Synapse School ($24.5m) and Accel ($24.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $1.5m (6.9% of expenses). Other salaries and wages came to $7.9m. At year end it held assets of $60.0m against liabilities of $39.1m, net assets of $20.9m. It reported 66 employees.

Income and spending

$0$6.1m$12.2m$18.4m$24.5m2019 Income: $15,994,5462019 Spending: $13,366,19220192020 Income: $19,946,1562020 Spending: $13,207,57120202021 Income: $16,279,3192021 Spending: $13,538,99820212022 Income: $24,073,2142022 Spending: $22,380,88720222023 Income: $24,467,2692023 Spending: $22,202,7772023
IncomeSpending

Where the income comes from

  • Contributions & grants 0.0%
  • Program services 18%
  • Other 82%

Similar-sized charities, same cause

CharityLocationIncome
School Lane Charter SchoolBensalem$24.3m
Synapse SchoolMenlo Park$24.5m
AccelPhoenix$24.3m
Montana Higher Education Student Assistance CorporationHelena$24.5m