Open Design Collective Inc

Analysis

Open Design Collective Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Open Design Collective Inc reported income of $120k and spending of $221k, spending 183% of what it took in. Across the 2 years on record, from May 2022 to May 2023, income fell from $250k to $120k (-52%), an average of -52% a year. The sharpest change came in the year to May 2023, when income dropped by 52%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Open Design Collective Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within OK. Charities of a similar size with the same main cause include Gunnison County Pioneer & Historical Society ($120k), Pacific Coast Community Acupuncture ($120k) and Ron Mills Ministries Inc ($120k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $58k. At year end it held assets of $10k against liabilities of $2,599, net assets of $7,805. It reported 1 employees.