Open Syllabus Inc

Analysis

Open Syllabus Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2020, 6 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 Syllabus Inc reported income of $832k and spending of $928k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $205k to $832k (+307%), an average of +42% a year. The sharpest change came in the year to December 2022, when income rose by 1875%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Open Syllabus Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Summit Academy Transition High School - Columbus ($832k), Glaziers Apprenticeship & Journeyman Training Fund ($833k) and Memphis for All Education Fund ($832k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $193k (21% of expenses). Other salaries and wages came to $343k. At year end it held assets of $1.2m against liabilities of $40k, net assets of $1.2m. It reported 7 employees.