Open Water Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 122,153 | 105,036 | 17,117 | 2.0 | — |
| 2014 | 162,459 | 221,836 | −59,377 | -2.3 | — |
| 2015 | 273,839 | 253,492 | 20,347 | -1.0 | 58% |
| 2016 | 354,525 | 308,932 | 45,593 | 0.9 | 53% |
| 2017 | 308,599 | 324,700 | −16,101 | 0.3 | 50% |
| 2018 | 364,299 | 352,043 | 12,256 | 0.7 | 50% |
| 2019 | 204,151 | 213,685 | −9,534 | 0.6 | 73% |
| 2020 | 154,683 | 173,228 | −18,545 | -0.6 | 67% |
| 2021 | 296,958 | 252,413 | 44,545 | 1.7 | 73% |
| 2022 | 133,912 | 165,568 | −31,656 | 0.3 | 79% |
| 2023 | 107,594 | 107,872 | −278 | 0.5 | 69% |
In its most recent public year (2023), this organization spent $278 more than it brought in. Its reserves stood at about 0.5 months of spending, down from 2 in 2013. Staff pay was 69% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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