An Open Book Foundation
EIN: 274234601 · Washington, DC · NTEE: B19
| Metric | Value |
|---|---|
| Total Revenue | $499K |
| Total Expenses | $698K |
| Net Assets | $490K |
Is An Open Book Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About An Open Book Foundation
An Open Book Foundation (EIN: 274234601) is a nonprofit organization based in Washington, DC, classified under NTEE code B19. The organization reported total revenue of $499K and total assets of $354K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of An Open Book Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
An Open Book Foundation is a small nonprofit that has been operating for 15 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 24.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $642K |
| Total Expenses | $698K |
| Surplus / Deficit | $-55,384 |
| Total Assets | $498K |
| Total Liabilities | $8K |
| Net Assets | $490K |
| Operating Margin | -8.6% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 8.6 months |
Financial Health Grade: B
In 2023, An Open Book Foundation reported a deficit of $55K with expenses exceeding revenue, holds 8.6 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), An Open Book Foundation's revenue has grown at a compound annual growth rate (CAGR) of 24.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.7% | +22.7% | -18.7% |
| 2022 | +258.1% | +124.5% | -7.2% |
| 2021 | -70.5% | -42.4% | -12.7% |
| 2020 | +36.6% | +17.3% | +10.7% |
| 2019 | +31.3% | +17.1% | +2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for An Open Book Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates An Open Book Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $55K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.7%.
Frequently Asked Questions about An Open Book Foundation
Is An Open Book Foundation a legitimate charity?
An Open Book Foundation (EIN: 274234601) is a registered tax-exempt nonprofit based in Washington DC. It has 12 years of IRS 990 filings on record. Total revenue: $499K. No red flags identified. Financial health grade: B.
How does An Open Book Foundation spend its money?
An Open Book Foundation reported $499K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to An Open Book Foundation tax-deductible?
An Open Book Foundation is registered as a tax-exempt nonprofit (EIN: 274234601). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is An Open Book Foundation located?
An Open Book Foundation is headquartered in Washington, Washington DC and files with the IRS under EIN 274234601. It is classified under NTEE code B19.
How many years of IRS 990 filings does An Open Book Foundation have?
An Open Book Foundation has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $499K in total revenue.
Filing History
IRS 990 filing history for An Open Book Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), An Open Book Foundation's revenue has grown by 1058.4%, moving from $55K to $642K. Total assets increased by 913.3% over the same period, from $49K to $498K. Total functional expenses rose by 2100.9%, from $32K to $698K. In its most recent filing year (2023), An Open Book Foundation reported a deficit of $55K, with expenses exceeding revenue. The organization holds $8K in liabilities against $498K in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $490K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $642K | $698K | $498K | $8K | — | View 990 |
| 2022 | $625K | $569K | $613K | $17K | — | View 990 |
| 2021 | $175K | $253K | $661K | $54K | — | — |
| 2020 | $591K | $440K | $757K | $57K | — | View 990 |
| 2019 | $433K | $375K | $683K | $25K | — | View 990 |
| 2018 | $330K | $320K | $667K | $-6,651 | — | View 990 |
| 2017 | $222K | $243K | $710K | $1K | — | View 990 |
| 2016 | $144K | $185K | $679K | $0 | — | View 990 |
| 2015 | $708K | $150K | $690K | $5K | — | View 990 |
| 2014 | $145K | $76K | $133K | $0 | — | View 990 |
| 2013 | $67K | $52K | $65K | $0 | — | View 990 |
| 2012 | $55K | $32K | $49K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $642K, expenses of $698K, and assets of $498K (revenue +2.7% year-over-year).
- 2022: Revenue of $625K, expenses of $569K, and assets of $613K (revenue +258.1% year-over-year).
- 2021: Revenue of $175K, expenses of $253K, and assets of $661K (revenue -70.5% year-over-year).
- 2020: Revenue of $591K, expenses of $440K, and assets of $757K (revenue +36.6% year-over-year).
- 2019: Revenue of $433K, expenses of $375K, and assets of $683K (revenue +31.3% year-over-year).
- 2018: Revenue of $330K, expenses of $320K, and assets of $667K (revenue +48.7% year-over-year).
- 2017: Revenue of $222K, expenses of $243K, and assets of $710K (revenue +53.8% year-over-year).
- 2016: Revenue of $144K, expenses of $185K, and assets of $679K (revenue -79.6% year-over-year).
- 2015: Revenue of $708K, expenses of $150K, and assets of $690K (revenue +389.8% year-over-year).
- 2014: Revenue of $145K, expenses of $76K, and assets of $133K (revenue +115.7% year-over-year).
- 2013: Revenue of $67K, expenses of $52K, and assets of $65K (revenue +20.9% year-over-year).
- 2012: Revenue of $55K, expenses of $32K, and assets of $49K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for An Open Book Foundation:
Data Sources and Methodology
This transparency report for An Open Book Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.