Open Library Foundation

Analysis

Open Library Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 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 June 2023, Open Library Foundation reported income of $822k and spending of $590k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2017 to June 2023, income grew from $796k to $822k (+3.3%), an average of +0.8% a year. The sharpest change came in the year to June 2023, when income rose by 333%. Over the whole period it spent 82% 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 Library Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include Indigo Cultural Center ($822k), Sugar Hill Childrens Museum of Art and Storytelling ($822k) and Friends of Flight 93 National Memorial Inc ($822k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.5% of the total. At year end it held assets of $692k against liabilities of $111k, net assets of $581k.