Open Floor International

Analysis

Open Floor International is a registered charity in United States, based in Mill Valley, CA. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Open Floor International reported income of $334k and spending of $287k, spending 86% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $205k to $334k (+63%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 134%. Over the whole period it spent 99% 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 Floor International sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Asia Art Archive in America Incorporated ($334k), Indiana Artisan Inc ($334k) and Outdoor Writers Asso of America Inc ($334k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. At year end it held assets of $238k against liabilities of $143k, net assets of $95k. It reported 1 employees.