Open Research Lab Inc

Analysis

Open Research Lab Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 Research Lab Inc reported income of $494k and spending of $4.8m, spending 965% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $1.9m to $494k (-74%), an average of -23% a year. The sharpest change came in the year to December 2023, when income rose by 155%. Over the whole period it spent 138% 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 Research Lab Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Golden Valley Community Broadcasters ($494k), Aspen Journalism ($494k) and Lake Orion Band Boosters ($494k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 31% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $2.8m against liabilities of $15.0m, net assets of -$12.2m. It reported 12 employees.