Open Sky Education Inc
Open Sky Education Inc. shows fluctuating financial health with zero reported officer compensation.
EIN: 205033694 · Waukesha, WI · NTEE: B20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.0M |
| Total Expenses | $11.3M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $13M |
| Net Assets | $15.5M |
| Transparency Score | 75/100 |
Is Open Sky Education Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Open Sky Education Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Open Sky Education Inc
Open Sky Education Inc (EIN: 205033694) is a nonprofit organization based in Waukesha, WI, classified under NTEE code B20. The organization reported total revenue of $13.0M and total assets of $16.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Open Sky Education Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Open Sky Education Inc is a large nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.9M |
| Total Expenses | $11.3M |
| Surplus / Deficit | +$635K |
| Total Assets | $20.2M |
| Total Liabilities | $4.7M |
| Net Assets | $15.5M |
| Operating Margin | 5.3% |
| Debt-to-Asset Ratio | 23.5% |
| Months of Reserves | 21.5 months |
Financial Health Grade: A
In 2023, Open Sky Education Inc reported a surplus of $635K with revenue exceeding expenses, holds 21.5 months of operating reserves (strong position), has a debt-to-asset ratio of 23.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Open Sky Education Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.3% | -24.0% | +31.3% |
| 2022 | -11.0% | +5.0% | -1.4% |
| 2021 | +37.1% | +59.8% | -12.5% |
| 2020 | +19.2% | -8.2% | +63.0% |
| 2019 | +24.5% | +23.9% | +10.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Sky Education Inc with a Mission Score of 75 out of 100 (Good). 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 Sky Education Inc 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 surplus of $635K, with revenue exceeding expenses.
- Debt-to-asset ratio: 23.5%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available filings is unusual for an organization of this size ($13M+ revenue, $16M+ assets), suggesting that executive compensation may be reported differently or that leadership is entirely volunteer-based, which could be a strength for program spending but also raises questions about reporting clarity.
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 Sky Education Inc's IRS 990 filings:
- Significant fluctuations in liabilities over time, from under $200k to over $30M, warranting closer examination.
- Consistent 0% officer compensation for an organization of this size, which may indicate reporting complexities or a need for further transparency regarding leadership compensation.
- Deficit spending in 2022, where expenses ($14,815,565) exceeded revenue ($14,397,416).
Strengths
The following positive indicators were identified for Open Sky Education Inc:
- Generally positive revenue-to-expense ratio in most years, indicating financial sustainability (e.g., 2023: $11.9M revenue vs. $11.2M expenses).
- Consistent growth in revenue over the long term, from $5.6M in 2017 to $11.9M in 2023.
- Strong asset base, consistently in the multi-million dollar range, providing financial stability.
Frequently Asked Questions about Open Sky Education Inc
Is Open Sky Education Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Open Sky Education Inc (EIN: 205033694) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Open Sky Education Inc spend its money?
Open Sky Education Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Open Sky Education Inc tax-deductible?
Open Sky Education Inc is registered as a tax-exempt nonprofit (EIN: 205033694). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Open Sky Education Inc CEO make?
Open Sky Education Inc's highest-compensated officer earns $13M annually. The organization reported $13.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Open Sky Education Inc's spending goes to programs?
Open Sky Education Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Open Sky Education Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Open Sky Education Inc is above average for NTEE category B20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Open Sky Education Inc located?
Open Sky Education Inc is headquartered in Waukesha, Wisconsin and files with the IRS under EIN 205033694. It is classified under NTEE code B20.
How many years of IRS 990 filings does Open Sky Education Inc have?
Open Sky Education Inc 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 $13.0M in total revenue.
Is Open Sky Education Inc. a good charity?
Based on the available data, Open Sky Education Inc. appears to be a reasonably good charity, particularly given its consistent reporting of 0% officer compensation and generally positive revenue-to-expense ratios in most years. However, the significant fluctuations in liabilities and assets over time, and the lack of detailed spending breakdown in the provided data, mean a definitive 'good' or 'bad' assessment requires more granular financial details.
Why is officer compensation consistently reported as 0%?
The consistent 0% officer compensation across all filings is unusual for an organization of this scale. It could indicate that executive roles are filled by volunteers, that compensation is paid by a related entity, or that it's categorized under other expenses (e.g., 'salaries and wages') rather than specifically 'officer compensation' on the 990. Further investigation into their detailed expense schedules would be needed to clarify this.
What caused the significant increase in liabilities in 2023 to $4,738,725 from $558,956 in 2022?
The substantial increase in liabilities from $558,956 in 2022 to $4,738,725 in 2023 could be due to various factors such as new loans, deferred revenue, increased accounts payable, or new grant obligations. Without access to the detailed balance sheet from the 2023 filing, the specific cause cannot be determined.
Filing History
IRS 990 filing history for Open Sky Education Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Open Sky Education Inc's revenue has grown by 103%, moving from $5.9M to $11.9M. Total assets increased by 55.6% over the same period, from $13.0M to $20.2M. Total functional expenses rose by 154.5%, from $4.4M to $11.3M. In its most recent filing year (2023), Open Sky Education Inc reported a surplus of $635K, with revenue exceeding expenses. The organization holds $4.7M in liabilities against $20.2M in assets (debt-to-asset ratio: 23.5%), resulting in net assets of $15.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.9M | $11.3M | $20.2M | $4.7M | — | — |
| 2022 | $14.4M | $14.8M | $15.4M | $559K | — | View 990 |
| 2021 | $16.2M | $14.1M | $15.6M | $362K | — | View 990 |
| 2020 | $11.8M | $8.8M | $17.8M | $4.7M | — | View 990 |
| 2019 | $9.9M | $9.6M | $10.9M | $725K | — | View 990 |
| 2018 | $8.0M | $7.8M | $9.9M | $171K | — | View 990 |
| 2017 | $5.7M | $7.2M | $12.8M | $3.8M | — | View 990 |
| 2016 | $11.5M | $10.4M | $41.8M | $30.4M | — | View 990 |
| 2015 | $9.3M | $8.3M | $42.9M | $32.8M | — | View 990 |
| 2014 | $9.3M | $5.4M | $30.8M | $21.8M | — | View 990 |
| 2013 | $6.8M | $4.7M | $11.6M | $6.4M | — | View 990 |
| 2012 | $4.1M | $2.8M | $8.2M | $5.1M | — | View 990 |
| 2011 | $5.9M | $4.4M | $13.0M | $11.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.9M, expenses of $11.3M, and assets of $20.2M (revenue -17.3% year-over-year).
- 2022: Revenue of $14.4M, expenses of $14.8M, and assets of $15.4M (revenue -11.0% year-over-year).
- 2021: Revenue of $16.2M, expenses of $14.1M, and assets of $15.6M (revenue +37.1% year-over-year).
- 2020: Revenue of $11.8M, expenses of $8.8M, and assets of $17.8M (revenue +19.2% year-over-year).
- 2019: Revenue of $9.9M, expenses of $9.6M, and assets of $10.9M (revenue +24.5% year-over-year).
- 2018: Revenue of $8.0M, expenses of $7.8M, and assets of $9.9M (revenue +40.0% year-over-year).
- 2017: Revenue of $5.7M, expenses of $7.2M, and assets of $12.8M (revenue -50.7% year-over-year).
- 2016: Revenue of $11.5M, expenses of $10.4M, and assets of $41.8M (revenue +24.0% year-over-year).
- 2015: Revenue of $9.3M, expenses of $8.3M, and assets of $42.9M (revenue +0.3% year-over-year).
- 2014: Revenue of $9.3M, expenses of $5.4M, and assets of $30.8M (revenue +35.8% year-over-year).
- 2013: Revenue of $6.8M, expenses of $4.7M, and assets of $11.6M (revenue +67.4% year-over-year).
- 2012: Revenue of $4.1M, expenses of $2.8M, and assets of $8.2M (revenue -30.6% year-over-year).
- 2011: Revenue of $5.9M, expenses of $4.4M, and assets of $13.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Open Sky Education Inc:
Data Sources and Methodology
This transparency report for Open Sky Education 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.