Open Longevity

Analysis

Open Longevity is a registered charity in United States, based in Sherman Oaks, CA. It received its IRS tax-exemption ruling in April 2023, 3 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 (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 Longevity reported income of $58k and spending of $115k, spending 197% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $270k to $58k (-78%), an average of -78% a year. The sharpest change came in the year to December 2023, when income dropped by 78%. Over the whole period it spent 92% 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 Longevity sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within CA. Charities of a similar size with the same main cause include Yucaipa Valley Gem & Mineral Society Inc ($58k), Walton Drama Boosters Inc ($58k) and Theosophy Foundation Inc ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.