Open Markets Institute

Analysis

Open Markets Institute is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Markets Institute reported income of $3.8m and spending of $3.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.0m to $3.8m (-25%), an average of -7.0% a year. The sharpest change came in the year to December 2020, when income dropped by 49%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Open Markets Institute sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 76th percentile within DC. Charities of a similar size with the same main cause include Tazewell County Headstart Program ($3.8m), Jacksonville School for Autism Inc ($3.8m) and Brightstone Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $223k (5.9% of expenses). Other salaries and wages came to $2.0m. It paid $98k in professional fundraising fees. At year end it held assets of $3.1m against liabilities of $179k, net assets of $2.9m. It reported 22 employees.