Operation Open Water

Analysis

Operation Open Water is a registered charity in United States, based in Huntingtn BCH, CA. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 June 2023, Operation Open Water reported income of $281k and spending of $251k, spending 90% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $171k to $281k (+64%), an average of +64% a year. The sharpest change came in the year to June 2023, when income rose by 64%. Over the whole period it spent 77% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Operation Open Water 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 60th percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Sol Relief ($280k), West Earl Fire Co No 1 ($281k) and Good Neighbors Ems Fund ($280k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 1.5% of the total. Other salaries and wages came to $24k. At year end it held assets of $165k against liabilities of $818, net assets of $164k. It reported 1 employees.