Open Biopharma Training Institute Inc

Analysis

Open Biopharma Training Institute Inc is a registered charity in United States, based in Carlsbad, CA. It received its IRS tax-exemption ruling in January 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Open Biopharma Training Institute Inc reported income of $84k and spending of $99k, spending 118% of what it took in. Across the 2 years on record, from March 2022 to March 2023, income grew from $61k to $84k (+38%), an average of +38% a year. The sharpest change came in the year to March 2023, when income rose by 38%. Over the whole period it spent 98% 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 Biopharma Training Institute Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 35th percentile within CA. Charities of a similar size with the same main cause include Medical Musician Initiative Inc ($84k), Articine Inc ($84k) and Wyuka Historical Foundation ($84k).

On its Form 990-EZ for the period ending March 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $16k against liabilities of $6,261, net assets of $9,512.