Open Source Initiative

Analysis

Open Source Initiative is a registered charity in United States, based in W Hollywood, CA. It received its IRS tax-exemption ruling in August 2000, 26 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 Source Initiative reported income of $812k and spending of $684k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $530k to $812k (+53%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 127%. Over the whole period it spent 84% 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 Source Initiative sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Community Music School ($811k), Midwest Center for Investigative Reporting Inc ($812k) and Merced County Arts Council Inc ($811k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $191k (28% of expenses). At year end it held assets of $896k against liabilities of $145k, net assets of $752k. It reported 2 employees.