Open Arts Foundation

Analysis

Open Arts Foundation is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover arts, culture and humanities, 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 Arts Foundation reported income of $63k and spending of $57k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $36k to $63k (+74%), an average of +74% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 116% 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 Arts Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 21st percentile within NM. Charities of a similar size with the same main cause include Marcus Hook Plank Log Cabin ($63k), City of Fairfax Independence Day Celebration Committee Inc-Aka Idcc ($63k) and Urasenke Foundation of Hawaii ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. At year end it held assets of $55k against liabilities of $0, net assets of $55k.