Open Education Global Incorporated
Open Education Global Incorporated experiences recent deficits but maintains strong asset reserves and reports no officer compensation.
EIN: 10908761 · Concord, MA · NTEE: B60 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.8M |
| Program Spending | 80% |
| Net Assets | $1.7M |
| Transparency Score | 85/100 |
Is Open Education Global Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Open Education Global Incorporated directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Open Education Global Incorporated
Open Education Global Incorporated (EIN: 10908761) is a nonprofit organization based in Concord, MA, classified under NTEE code B60. The organization reported total revenue of $1.4M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Open Education Global Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Open Education Global Incorporated is a mid-size nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.8M |
| Surplus / Deficit | $-291,730 |
| Total Assets | $1.9M |
| Total Liabilities | $204K |
| Net Assets | $1.7M |
| Operating Margin | -19.7% |
| Debt-to-Asset Ratio | 10.9% |
| Months of Reserves | 12.7 months |
Financial Health Grade: B
In 2023, Open Education Global Incorporated reported a deficit of $292K with expenses exceeding revenue, holds 12.7 months of operating reserves (strong position), has a debt-to-asset ratio of 10.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Open Education Global Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.9% | +8.8% | -18.5% |
| 2022 | -36.4% | +67.9% | -3.2% |
| 2021 | +294.6% | +7.0% | +103.9% |
| 2020 | -61.9% | +29.0% | -24.9% |
| 2019 | +172.3% | -15.6% | +50.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2009 |
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 Open Education Global Incorporated 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Open Education Global Incorporated allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $292K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.9%.
Executive Compensation Analysis
Open Education Global Incorporated consistently reports 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or is compensated through other means not classified as officer compensation, which is highly favorable for donor perception regarding executive pay.
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 Open Education Global Incorporated's IRS 990 filings:
- Expenses exceeding revenue in recent fiscal years (2022 and 2023), indicating potential reliance on reserves or unsustainable spending without increased funding.
Strengths
The following positive indicators were identified for Open Education Global Incorporated:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds and strong commitment from leadership.
- Strong asset base ($1,877,811 in 2023) significantly exceeding liabilities ($204,264), demonstrating excellent solvency.
- History of substantial revenue generation, with a peak of over $2.1 million in 2021, showing capacity for significant funding.
- Clear financial transparency through consistent IRS 990 filings over 13 periods.
Frequently Asked Questions about Open Education Global Incorporated
Is Open Education Global Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Open Education Global Incorporated (EIN: 10908761) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Open Education Global Incorporated spend its money?
Open Education Global Incorporated directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Open Education Global Incorporated tax-deductible?
Open Education Global Incorporated is registered as a tax-exempt nonprofit (EIN: 10908761). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Open Education Global Incorporated's spending goes to programs?
Open Education Global Incorporated directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Open Education Global Incorporated compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Open Education Global Incorporated is above average for NTEE category B60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Open Education Global Incorporated located?
Open Education Global Incorporated is headquartered in Concord, Massachusetts and files with the IRS under EIN 10908761. It is classified under NTEE code B60.
How many years of IRS 990 filings does Open Education Global Incorporated have?
Open Education Global Incorporated has 13 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 $1.4M in total revenue.
Is Open Education Global Incorporated a good charity?
Based on the available data, Open Education Global Incorporated appears to be a good charity. It consistently reports no officer compensation, maintains strong assets relative to liabilities, and its mission aligns with public good. While it has experienced recent operating deficits, its overall financial health remains stable due to substantial asset reserves.
Why are expenses exceeding revenue in recent years?
In fiscal years 2023 and 2022, Open Education Global Incorporated's expenses ($1,770,506 and $1,627,490 respectively) exceeded its revenues ($1,478,776 and $1,345,121 respectively). This could be due to strategic investments, expansion of programs, or a temporary dip in funding, but it's a trend to monitor.
How does the organization manage without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or their compensation is structured in a way that it is not reported under 'officer compensation' on the IRS Form 990, potentially through a related entity or as general staff salaries if they are not considered 'officers' for reporting purposes. This practice generally indicates a high level of dedication and efficiency in resource allocation.
Is the organization financially stable despite recent deficits?
Yes, despite recent operating deficits in 2022 and 2023, Open Education Global Incorporated appears financially stable. Its assets of $1,877,811 in 2023 significantly outweigh its liabilities of $204,264, providing a strong buffer and indicating good long-term solvency.
Filing History
IRS 990 filing history for Open Education Global Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Open Education Global Incorporated's revenue has grown by 102%, moving from $732K to $1.5M. Total assets increased by 138.2% over the same period, from $788K to $1.9M. Total functional expenses rose by 114%, from $827K to $1.8M. In its most recent filing year (2023), Open Education Global Incorporated reported a deficit of $292K, with expenses exceeding revenue. The organization holds $204K in liabilities against $1.9M in assets (debt-to-asset ratio: 10.9%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.8M | $1.9M | $204K | — | — |
| 2022 | $1.3M | $1.6M | $2.3M | $337K | — | View 990 |
| 2021 | $2.1M | $969K | $2.4M | $132K | — | — |
| 2020 | $536K | $905K | $1.2M | $65K | — | — |
| 2019 | $1.4M | $702K | $1.6M | $82K | — | View 990 |
| 2018 | $516K | $832K | $1.0M | $268K | — | View 990 |
| 2017 | $1.6M | $710K | $1.2M | $124K | — | View 990 |
| 2016 | $817K | $747K | $290K | $145K | — | View 990 |
| 2015 | $353K | $661K | $540K | $466K | — | View 990 |
| 2014 | $573K | $611K | $500K | $117K | — | View 990 |
| 2013 | $686K | $707K | $533K | $112K | — | View 990 |
| 2012 | $805K | $923K | $702K | $259K | — | View 990 |
| 2011 | $732K | $827K | $788K | $228K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.8M, and assets of $1.9M (revenue +9.9% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.6M, and assets of $2.3M (revenue -36.4% year-over-year).
- 2021: Revenue of $2.1M, expenses of $969K, and assets of $2.4M (revenue +294.6% year-over-year).
- 2020: Revenue of $536K, expenses of $905K, and assets of $1.2M (revenue -61.9% year-over-year).
- 2019: Revenue of $1.4M, expenses of $702K, and assets of $1.6M (revenue +172.3% year-over-year).
- 2018: Revenue of $516K, expenses of $832K, and assets of $1.0M (revenue -68.7% year-over-year).
- 2017: Revenue of $1.6M, expenses of $710K, and assets of $1.2M (revenue +101.9% year-over-year).
- 2016: Revenue of $817K, expenses of $747K, and assets of $290K (revenue +131.2% year-over-year).
- 2015: Revenue of $353K, expenses of $661K, and assets of $540K (revenue -38.4% year-over-year).
- 2014: Revenue of $573K, expenses of $611K, and assets of $500K (revenue -16.4% year-over-year).
- 2013: Revenue of $686K, expenses of $707K, and assets of $533K (revenue -14.8% year-over-year).
- 2012: Revenue of $805K, expenses of $923K, and assets of $702K (revenue +9.9% year-over-year).
- 2011: Revenue of $732K, expenses of $827K, and assets of $788K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Open Education Global Incorporated:
Data Sources and Methodology
This transparency report for Open Education Global Incorporated 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.