Open Works Inc

Analysis

Open Works Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 2016, 10 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Open Works Inc reported income of $2.5m and spending of $2.2m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.5m (+73%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 93% 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 Works Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include National Juneteenth Museum ($2.5m), California Indian Museum & Cultural Center ($2.5m) and Williamstown Art Conservation Center Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $100k (4.5% of expenses). Other salaries and wages came to $935k. At year end it held assets of $1.0m against liabilities of $183k, net assets of $858k. It reported 35 employees.