Omidyar Network Fund Inc
Omidyar Network Fund Inc. consistently spends more than its annual revenue, drawing from a substantial asset base.
EIN: 201173866 · San Francisco, CA · NTEE: T20 · Updated: 2026-03-28
Is Omidyar Network Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Omidyar Network Fund Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Omidyar Network Fund Inc
Omidyar Network Fund Inc (EIN: 201173866) is a nonprofit organization based in San Francisco, CA, classified under NTEE code T20. The organization reported total revenue of $112.3M and total assets of $382.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Omidyar Network Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Omidyar Network Fund Inc is a major nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -16.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.6M |
| Total Expenses | $28.6M |
| Surplus / Deficit | $-22,994,558 |
| Total Assets | $392.6M |
| Total Liabilities | $4.5M |
| Net Assets | $388.1M |
| Operating Margin | -413.5% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 165.0 months |
Financial Health Grade: B
In 2023, Omidyar Network Fund Inc reported a deficit of $23.0M with expenses exceeding revenue, holds 165.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Omidyar Network Fund Inc's revenue has declined at a compound annual growth rate (CAGR) of -16.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -77.9% | -6.5% | +6.8% |
| 2022 | -44.1% | -42.0% | -25.8% |
| 2021 | +114.4% | -29.5% | +1.1% |
| 2020 | -66.9% | -30.7% | -0.2% |
| 2019 | -67.1% | +86.3% | +9.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Omidyar Network Fund Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Omidyar Network Fund Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $23.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of this size with assets exceeding $382 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Omidyar Network Fund Inc's IRS 990 filings:
- Consistent reporting of 0% officer compensation for an organization of this size, which may obscure how executive leadership is compensated or funded.
- Frequent and significant disparity between annual revenue and expenses, indicating a reliance on asset drawdowns that, while sustainable with current assets, could be a concern if assets diminish significantly.
Strengths
The following positive indicators were identified for Omidyar Network Fund Inc:
- Substantial asset base ($382,487,320 latest) providing long-term financial stability.
- Consistent reporting of 0% officer compensation, suggesting a strong commitment to directing funds towards programmatic activities.
- Long filing history (10 filings) indicating consistent compliance and transparency in reporting.
Frequently Asked Questions about Omidyar Network Fund Inc
Is Omidyar Network Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Omidyar Network Fund Inc (EIN: 201173866) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Omidyar Network Fund Inc spend its money?
Omidyar Network Fund Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Omidyar Network Fund Inc tax-deductible?
Omidyar Network Fund Inc is registered as a tax-exempt nonprofit (EIN: 201173866). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Omidyar Network Fund Inc. sustain its operations with expenses frequently exceeding revenue?
The organization sustains its operations by drawing from its substantial asset base, which was $382,487,320 in the latest period, and has historically been much higher, reaching $495,201,056 in 2021. This indicates an endowment-based funding model.
What is the nature of the '0% Officer Comp' reported across all filings?
The consistent reporting of 0% officer compensation suggests that either the officers are uncompensated volunteers, or their compensation is covered by a related entity, or reported in a different category not specified in the provided data. This warrants further investigation for complete transparency.
Is Omidyar Network Fund Inc. financially stable given its revenue-expense disparities?
Yes, despite annual revenue often being less than expenses, the organization appears financially stable due to its large and consistent asset base. This indicates a strategic use of its endowment to fund its activities.
Filing History
IRS 990 filing history for Omidyar Network Fund Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Omidyar Network Fund Inc's revenue has declined by 87.6%, moving from $44.8M to $5.6M. Total assets increased by 43.8% over the same period, from $273.0M to $392.6M. Total functional expenses fell by 19.9%, from $35.7M to $28.6M. In its most recent filing year (2023), Omidyar Network Fund Inc reported a deficit of $23.0M, with expenses exceeding revenue. The organization holds $4.5M in liabilities against $392.6M in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $388.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.6M | $28.6M | $392.6M | $4.5M | — | View 990 |
| 2022 | $25.2M | $30.5M | $367.6M | $5.8M | — | View 990 |
| 2021 | $45.1M | $52.6M | $495.2M | $12.9M | — | View 990 |
| 2020 | $21.0M | $74.7M | $490.0M | $10.3M | — | View 990 |
| 2019 | $63.6M | $107.7M | $490.9M | $15.8M | — | View 990 |
| 2015 | $193.2M | $57.8M | $446.7M | $9.6M | — | View 990 |
| 2014 | $63.2M | $45.3M | $321.9M | $7.4M | — | View 990 |
| 2013 | $85.4M | $47.5M | $319.9M | $9.2M | — | View 990 |
| 2012 | $13.4M | $45.4M | $255.3M | $6.4M | — | View 990 |
| 2011 | $44.8M | $35.7M | $273.0M | $5.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.6M, expenses of $28.6M, and assets of $392.6M (revenue -77.9% year-over-year).
- 2022: Revenue of $25.2M, expenses of $30.5M, and assets of $367.6M (revenue -44.1% year-over-year).
- 2021: Revenue of $45.1M, expenses of $52.6M, and assets of $495.2M (revenue +114.4% year-over-year).
- 2020: Revenue of $21.0M, expenses of $74.7M, and assets of $490.0M (revenue -66.9% year-over-year).
- 2019: Revenue of $63.6M, expenses of $107.7M, and assets of $490.9M (revenue -67.1% year-over-year).
- 2015: Revenue of $193.2M, expenses of $57.8M, and assets of $446.7M (revenue +205.6% year-over-year).
- 2014: Revenue of $63.2M, expenses of $45.3M, and assets of $321.9M (revenue -26.0% year-over-year).
- 2013: Revenue of $85.4M, expenses of $47.5M, and assets of $319.9M (revenue +539.2% year-over-year).
- 2012: Revenue of $13.4M, expenses of $45.4M, and assets of $255.3M (revenue -70.2% year-over-year).
- 2011: Revenue of $44.8M, expenses of $35.7M, and assets of $273.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Omidyar Network Fund Inc:
Data Sources and Methodology
This transparency report for Omidyar Network Fund Inc 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.