Open Institute International Inc
EIN: 371907881 · Washington, DC · NTEE: Q33
| Metric | Value |
|---|---|
| Total Revenue | $341K |
| Total Expenses | $217K |
| Net Assets | $40K |
Is Open Institute International Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Open Institute International Inc
Open Institute International Inc (EIN: 371907881) is a nonprofit organization based in Washington, DC, classified under NTEE code Q33. The organization reported total revenue of $341K and total assets of $5K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Open Institute International Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Open Institute International Inc is a small nonprofit that has been operating for 7 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 66.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $228K |
| Total Expenses | $217K |
| Surplus / Deficit | +$12K |
| Total Assets | $40K |
| Net Assets | $40K |
| Operating Margin | 5.1% |
| Months of Reserves | 2.2 months |
Financial Health Grade: A
In 2023, Open Institute International Inc reported a surplus of $12K with revenue exceeding expenses, holds 2.2 months of operating reserves (limited).
Financial Trends
Over 3 years of filings (2021–2023), Open Institute International Inc's revenue has grown at a compound annual growth rate (CAGR) of 66.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -25.0% | -29.7% | +41.5% |
| 2022 | +268.1% | +566.4% | -22.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Open Institute International Inc 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 Open Institute International Inc 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 surplus of $12K, with revenue exceeding expenses.
Frequently Asked Questions about Open Institute International Inc
Is Open Institute International Inc a legitimate charity?
Open Institute International Inc (EIN: 371907881) is a registered tax-exempt nonprofit based in Washington DC. It has 3 years of IRS 990 filings on record. Total revenue: $341K. No red flags identified. Financial health grade: A.
How does Open Institute International Inc spend its money?
Open Institute International Inc reported $341K in total revenue in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Open Institute International Inc tax-deductible?
Open Institute International Inc is registered as a tax-exempt nonprofit (EIN: 371907881). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Open Institute International Inc located?
Open Institute International Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 371907881. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Open Institute International Inc have?
Open Institute International Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $341K in total revenue.
Filing History
IRS 990 filing history for Open Institute International Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Open Institute International Inc's revenue has grown by 176%, moving from $83K to $228K. Total assets increased by 9.2% over the same period, from $37K to $40K. Total functional expenses rose by 368.8%, from $46K to $217K. In its most recent filing year (2023), Open Institute International Inc reported a surplus of $12K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $228K | $217K | $40K | $0 | — | — |
| 2022 | $304K | $308K | $28K | $0 | — | — |
| 2021 | $83K | $46K | $37K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $228K, expenses of $217K, and assets of $40K (revenue -25.0% year-over-year).
- 2022: Revenue of $304K, expenses of $308K, and assets of $28K (revenue +268.1% year-over-year).
- 2021: Revenue of $83K, expenses of $46K, and assets of $37K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Open Institute International Inc:
Data Sources and Methodology
This transparency report for Open Institute International 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.