Openai Inc

Analysis

Openai Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in November 2016, 10 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, Openai Inc reported income of $5.4m and spending of $2.9m, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $31.9m to $5.4m (-83%), an average of -36% a year. The sharpest change came in the year to December 2023, when income rose by 11956%. Over the whole period it spent 54% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Openai Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Institute of Noetic Sciences ($5.4m), Charleston Symphony Orchestra ($5.4m) and American Phytopathological Society Inc ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $22.7m against liabilities of $1.5m, net assets of $21.1m. It reported 2 employees.