Open Insulin Foundation

Analysis

Open Insulin Foundation is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in May 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 (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 Insulin Foundation reported income of $53k and spending of $19k, leaving 64% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $66k to $53k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 26% 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 Insulin Foundation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within CA. Charities of a similar size with the same main cause include Croatiafest ($53k), Mae Jane MC Guire Memorial Fund ($53k) and As220 Real Estate Support Corp ($53k).

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 $159k against liabilities of $0, net assets of $159k.