Open Medicine Foundation Inc
EIN: 264712664 · Agoura Hills, CA · NTEE: H12
| Metric | Value |
|---|---|
| Total Revenue | $4.3M |
| Total Expenses | $6.3M |
| Net Assets | $4.6M |
Is Open Medicine Foundation 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 Medicine Foundation Inc
Open Medicine Foundation Inc (EIN: 264712664) is a nonprofit organization based in Agoura Hills, CA, classified under NTEE code H12. The organization reported total revenue of $4.3M and total assets of $7.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Open Medicine Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Open Medicine Foundation Inc is a mid-size nonprofit that has been operating for 13 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 42.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.1M |
| Total Expenses | $6.3M |
| Surplus / Deficit | $-245,477 |
| Total Assets | $7.8M |
| Total Liabilities | $3.2M |
| Net Assets | $4.6M |
| Operating Margin | -4.1% |
| Debt-to-Asset Ratio | 40.6% |
| Months of Reserves | 14.8 months |
Financial Health Grade: B
In 2023, Open Medicine Foundation Inc reported a deficit of $245K with expenses exceeding revenue, holds 14.8 months of operating reserves (strong position), has a debt-to-asset ratio of 40.6% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Open Medicine Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 42.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +51.9% | -7.8% | -10.3% |
| 2022 | -31.6% | +70.7% | -4.4% |
| 2021 | +43.4% | -8.1% | +19.1% |
| 2020 | -5.2% | +42.5% | +1.8% |
| 2019 | -51.9% | -47.3% | -6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Open Medicine Foundation 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 Medicine Foundation 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 deficit of $245K, with expenses exceeding revenue.
- Debt-to-asset ratio: 40.6%.
Frequently Asked Questions about Open Medicine Foundation Inc
Is Open Medicine Foundation Inc a legitimate charity?
Open Medicine Foundation Inc (EIN: 264712664) is a registered tax-exempt nonprofit based in California. It has 12 years of IRS 990 filings on record. Total revenue: $4.3M. No red flags identified. Financial health grade: B.
How does Open Medicine Foundation Inc spend its money?
Open Medicine Foundation Inc reported $4.3M 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 Open Medicine Foundation Inc tax-deductible?
Open Medicine Foundation Inc is registered as a tax-exempt nonprofit (EIN: 264712664). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Open Medicine Foundation Inc located?
Open Medicine Foundation Inc is headquartered in Agoura Hills, California and files with the IRS under EIN 264712664. It is classified under NTEE code H12.
How many years of IRS 990 filings does Open Medicine Foundation Inc have?
Open Medicine Foundation Inc 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 $4.3M in total revenue.
Filing History
IRS 990 filing history for Open Medicine Foundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Open Medicine Foundation Inc's revenue has grown by 4801.4%, moving from $124K to $6.1M. Total assets increased by 88224.8% over the same period, from $9K to $7.8M. Total functional expenses rose by 4080.4%, from $151K to $6.3M. In its most recent filing year (2023), Open Medicine Foundation Inc reported a deficit of $245K, with expenses exceeding revenue. The organization holds $3.2M in liabilities against $7.8M in assets (debt-to-asset ratio: 40.6%), resulting in net assets of $4.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.1M | $6.3M | $7.8M | $3.2M | — | View 990 |
| 2022 | $4.0M | $6.8M | $8.7M | $3.8M | — | View 990 |
| 2021 | $5.8M | $4.0M | $9.1M | $1.4M | — | View 990 |
| 2020 | $4.1M | $4.4M | $7.6M | $1.7M | — | View 990 |
| 2019 | $4.3M | $3.1M | $7.5M | $1.3M | — | View 990 |
| 2018 | $8.9M | $5.8M | $8.0M | $3.0M | — | View 990 |
| 2017 | $2.7M | $2.1M | $3.1M | $1.2M | — | View 990 |
| 2016 | $1.6M | $1.1M | $1.7M | $343K | — | View 990 |
| 2015 | $1.9M | $1.2M | $1.4M | $638K | — | View 990 |
| 2014 | $462K | $581K | $209K | $4K | — | View 990 |
| 2013 | $1.5M | $1.2M | $331K | $13K | — | View 990 |
| 2012 | $124K | $151K | $9K | $34K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.1M, expenses of $6.3M, and assets of $7.8M (revenue +51.9% year-over-year).
- 2022: Revenue of $4.0M, expenses of $6.8M, and assets of $8.7M (revenue -31.6% year-over-year).
- 2021: Revenue of $5.8M, expenses of $4.0M, and assets of $9.1M (revenue +43.4% year-over-year).
- 2020: Revenue of $4.1M, expenses of $4.4M, and assets of $7.6M (revenue -5.2% year-over-year).
- 2019: Revenue of $4.3M, expenses of $3.1M, and assets of $7.5M (revenue -51.9% year-over-year).
- 2018: Revenue of $8.9M, expenses of $5.8M, and assets of $8.0M (revenue +235.3% year-over-year).
- 2017: Revenue of $2.7M, expenses of $2.1M, and assets of $3.1M (revenue +63.2% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.1M, and assets of $1.7M (revenue -13.0% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.2M, and assets of $1.4M (revenue +305.0% year-over-year).
- 2014: Revenue of $462K, expenses of $581K, and assets of $209K (revenue -69.3% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.2M, and assets of $331K (revenue +1118.7% year-over-year).
- 2012: Revenue of $124K, expenses of $151K, and assets of $9K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Open Medicine Foundation Inc:
Data Sources and Methodology
This transparency report for Open Medicine Foundation 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.