Open Molecular Software Foundation

Analysis

Open Molecular Software Foundation is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in June 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Open Molecular Software Foundation reported income of $3.0m and spending of $2.4m, leaving 20% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $675k to $3.0m (+344%), an average of +111% a year. The sharpest change came in the year to December 2022, when income rose by 131%. Over the whole period it spent 71% 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 Molecular Software Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Berkeley Playhouse Inc ($3.0m), Wild Earth Society Incorporated ($3.0m) and Jewish Childrens Museum ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $93k (3.9% of expenses). Other salaries and wages came to $488k. At year end it held assets of $3.0m against liabilities of $1.6m, net assets of $1.5m. It reported 9 employees.