Open Earth Foundation

Analysis

Open Earth Foundation is a registered charity in United States, based in Playa Del Rey, CA. It received its IRS tax-exemption ruling in November 2020, 6 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 Earth Foundation reported income of $1.1m and spending of $1.5m, spending 136% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $7.6m to $1.1m (-86%), an average of -62% a year. The sharpest change came in the year to December 2022, when income dropped by 103%. Over the whole period it spent 54% 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 Earth Foundation sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Friends of Florence ($1.1m), Piano School of New York City Inc ($1.1m) and Newark School of the Arts Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $238k (16% of expenses). Other salaries and wages came to $331k. At year end it held assets of $3.3m against liabilities of $20k, net assets of $3.3m. It reported 7 employees.