Open Space Institute Inc

Analysis

Open Space Institute Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1966, 60 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 Space Institute Inc reported income of $5.9m and spending of $6.2m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $5.9m (+100%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 175%. Over the whole period it spent 90% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Open Space Institute Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include North Carolina Arboretum Society ($5.9m), Lowcountry Land Trust Inc ($5.9m) and Center for Resource Solutions ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $289k (4.7% of expenses). Other salaries and wages came to $894k. At year end it held assets of $20.2m against liabilities of $12.0m, net assets of $8.1m. It reported 82 employees.