Arts, Culture & Humanities (A40Z) IRS Verified DX Registered 990 on File

OPEN STUDIO PROJECT INC

EIN: 36-3894275 · EVANSTON, IL 60202-1703 · United States · FY 2025 Data

3 out of 5 53 / 100 Based on 2+ years of filings

Financial strength (30%) 72/100

Reliability (20%) 55/100

Effectiveness (25%) 81/100

Impact (25%) No data yet

Financial data: FY 2025 · Scored 9/13/2026

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Financial Overview — FY 2025

$439K

Total Revenue

$407K

Total Expenses

$30K

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 82.4%

Fundraising Efficiency 41.9%

Operating Reserve 0.90x

Liability-to-Asset 68.2%

Revenue Diversification 71.3%

Executive Compensation $69K

Compared with Peers

FY 2025

Compared with 7,068 similar organizations (United States, Arts, Culture & Humanities, $100K–$1M in expenses), FY 2025.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	82.4%	81.9%	P10P90	Above median
Admin expense ratio Management and general / total expenses · lower is better	14.9%	13.7%	P10P90	Below median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	2.7%	0.0%	P10P90	Below median
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	41.9%	27.4%	P10P90	Below median
Operating reserve Months of expenses covered by net assets · higher is better	0.9 mo	9.4 mo	P10P90	Bottom quarter
Liabilities to assets Total liabilities / total assets · lower is better	68.2%	1.5%	P10P90	Bottom quarter
Revenue concentration Share of revenue from the largest source · lower is better	71.3%	77.2%	P10P90	Above median
Revenue growth Year over year revenue growth	8.5%	6.7%	P10P90
Expense growth Year over year expense growth	-5.9%	5.9%	P10P90
Surplus margin Surplus as a share of revenue	7.2%	2.4%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2025	$439K	$407K	$30K	82.4%	5
2024	$405K	$433K	$-1,279	78.6%	6
2023	$425K	$443K	$27K	84.7%	5
2022	$426K	$389K	$44K	73.9%	3

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Organization Details

EIN: 36-3894275
State: IL
City: EVANSTON
ZIP: 60202-1703
Classification: A40Z
Category: Arts, Culture & Humanities
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1992
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

A pillar with no data counts as zero. Without impact metrics the score is capped at 59 (three stars): only the charity can supply that data.
The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
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