Open Supply Hub Inc

Analysis

Open Supply Hub Inc is a registered charity in United States, based in Hudson, NY. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 Supply Hub Inc reported income of $2.3m and spending of $2.3m, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $2.3m to $2.3m (-0.2%), an average of -0.1% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 68% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Open Supply Hub Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Seeds of Hope Inc ($2.3m), International Legal Foundation Ltd ($2.3m) and Water for South Sudan Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $547k (24% of expenses). Other salaries and wages came to $537k. At year end it held assets of $2.9m against liabilities of $172k, net assets of $2.8m. It reported 5 employees.