OPENSECRETS

EIN: 521275227 501(c)(3) Public & Societal Benefit

Washington, DC

Total Revenue
$3,036,734
Total Expenses
$4,498,584
Total Assets
$2,890,676
Net Assets
$2,589,669
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
DC
Principal Officer
Hilary Braseth
Phone
2028570044
Tax Period
2024-01-01 to 2024-12-31

OPENSECRETS, founded in 1983, is a community nonprofit in the Public & Societal Benefit sector that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $4.5M exceeded revenue, resulting in a 48% operating deficit.

Program Service Accomplishments

Program 1
Expenses: $2,199,762 Revenue: $496,276

DATA, RESEARCH AND ANALYSIS: OPENSECRETS REPORTING STAFF AND RESEARCHERS WORK HAND-IN-HAND TO COMB THE DATA FOR PATTERNS AND ANOMALIES, PUT THE DATA IN CONTEXT, IDENTIFY TRENDS AND PROVIDE THE...

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DATA, RESEARCH AND ANALYSIS: OPENSECRETS REPORTING STAFF AND RESEARCHERS WORK HAND-IN-HAND TO COMB THE DATA FOR PATTERNS AND ANOMALIES, PUT THE DATA IN CONTEXT, IDENTIFY TRENDS AND PROVIDE THE MONEY-IN-POLITICS ANGLE TO TIMELY NEWS STORIES, TOPICS OF POPULAR INTEREST AND POLICY DEBATES. OPENSECRETS CONTINUALLY UPDATES AND IMPROVES ITS DATA TO PROVIDE AN ACCURATE, CONSISTENT AND COMPREHENSIVE RESOURCE FOR THE PRESS, SCHOLARS, ADVOCATES AND PUBLIC. OPENSECRETS FREQUENTLY WORKS WITH OTHER ORGANIZATIONS TO COMBINE ITS UNIQUE VALUE-ADDED DATA WITH OTHER DATA SETS, AND TO CREATE FEATURES ILLUSTRATING THE ROLE MONEY PLAYS IN POLITICS AND DECISION-MAKING. ORIGINAL REPORTING, MEDIA PARTNERSHIPS AND TRAINING OPENSECRETS NEWS TEAM FOLLOWS THE MONEY TO PROVIDE ORIGINAL AND TIMELY REPORTING USING ITS DATA ON TOPICS OF INTEREST AT THE NATIONAL, STATE AND LOCAL LEVELS. THIS WORK AND THESE INSIGHTS ARE SHARED WITH THE PUBLIC THROUGH OUR NEWSLETTER, OPENSECRETS NEWS, REPORTS AND DATA TOOLS. EVERY YEAR, OPENSECRETS STAFF ASSIST HUNDREDS OF NEWS ORGANIZATIONS, LARGE AND SMALL, WITH THEIR MONEY IN POLITICS INVESTIGATIONS. THESE COLLABORATIONS RESULT IN TENS OF THOUSANDS OF CITATIONS OF OPENSECRETS DATA IN THE NATIONS MOST PROMINENT PRINT, BROADCAST AND ONLINE NEWS OUTLETS. OUR TEAM ROUTINELY HOLDS TRAININGS FOR INVESTIGATIVE JOURNALISTS AND BEAT REPORTERS ON HOW TO USE OS DATA RESOURCES AND DEVELOPS MEDIA PARTNERSHIPS AND REPORTING COLLABORATIONS. OS STAFF WORK WITH JOURNALISTS ON A DAILY BASIS, PROVIDING CUSTOM DATA AND ANALYSIS, EXPERTISE AND BACKGROUND INFORMATION ON MONEY IN POLITICS, AND COMMENTARY FOR NEWS STORIES.

Program 2
Expenses: $1,377,188

CIVIC EDUCATION AND OUTREACH: A FOUR-TIME WEBBY WINNER FOR BEING THE BEST POLITICS RESOURCE ONLINE, OPENSECRETS WEBSITE, OPENSECRETS.ORG, ALLOWS ITS MILLIONS OF USERS TO EXPLORE THE CONNECTIONS...

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CIVIC EDUCATION AND OUTREACH: A FOUR-TIME WEBBY WINNER FOR BEING THE BEST POLITICS RESOURCE ONLINE, OPENSECRETS WEBSITE, OPENSECRETS.ORG, ALLOWS ITS MILLIONS OF USERS TO EXPLORE THE CONNECTIONS BETWEEN MONEY AND POLITICS, AND HOLD ELECTED AND APPOINTED OFFICIALS ACCOUNTABLE. FREELY AVAILABLE, EASY-TO-USE DATABASES TRACK STATE AND FEDERAL CAMPAIGN CONTRIBUTIONS, LOBBYING, THE REVOLVING DOOR AND POLITICIANS PERSONAL FINANCES IN A VARIETY OF ILLUMINATING WAYS, SUCH AS BY INDUSTRY AND INTEREST GROUP. OPENSECRETS REACHES OUT TO ENGAGE WITH NEW AUDIENCES VIA SOCIAL MEDIA, PARTNERSHIPS, PRESENTATIONS AND TRAININGS, OUR ONLINE NEWSLETTER AND INTERACTIVE TOOLS ON OUR SITE. OPENSECRETS RESEARCH IS CITED TENS OF THOUSANDS OF TIMES EACH YEAR IN THE NATIONS MOST PROMINENT PRINT, BROADCAST AND ONLINE NEWS OUTLETS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,464,473
Program Service Revenue $501,793
Investment Income $70,468
Other Revenue $0
TOTAL REVENUE $3,036,734

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,400,082
Fundraising Expenses $500,349
Program Expenses $3,576,950
Other Expenses $1,098,502
TOTAL EXPENSES $4,498,584

Year-over-Year Comparison

2024 2023 Change
Revenue $3,036,734 $2,504,743 +0.2%
Expenses $4,498,584 $4,303,121 +0.0%
Net Income $-1,461,850 $-1,798,378 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
16
Independent Members
16
Employees
50
Volunteers
16

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$218,001
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Hilary Braseth Executive Director 40.00
Officer
$206,428 $11,573 $218,001
Jacob Hileman IT Director 40.00
Highest
$174,389 $10,385 $184,774
Sarah Bryner Director of Research & Strat 40.00
Highest
$148,740 $20,953 $169,693
Victoria Sorg Director of Revenue & Ext 40.00
Highest
$126,000 $30,728 $156,728
Brendan Glavin Director of Insights 40.00
Highest
$114,339 $15,227 $129,566
Anna Massoglia Editoral & Investigations 40.00
Highest
$115,762 $8,248 $124,010
Maurice BP-Weeks Director 1.00
Director
$0 $0 $0
Nekole Brandis Director 1.00
Director
$0 $0 $0
Keri Dogan Director 1.00
Director
$0 $0 $0
Christopher Gates Director 1.00
Director
$0 $0 $0
Rosalind Gold Director 1.00
Director
$0 $0 $0
Mark Hansen Director 1.00
Director
$0 $0 $0
Sonia Jarvis Director 1.00
Director
$0 $0 $0
Michael Malbin Director 1.00
Director
$0 $0 $0
Jodeen Olgun-Tayler Director 1.00
Director
$0 $0 $0
Geri Palast Director 1.00
Director
$0 $0 $0
Nick Penniman Director 1.00
Director
$0 $0 $0
Ann Ravel Director 1.00
Director
$0 $0 $0
Jennifer Victor Director 1.00
Director
$0 $0 $0
Daniel Doktori Chair 3.00
Officer Director
$0 $0 $0
John Jenkins Treasurer 1.00
Officer Director
$0 $0 $0
Jeff Malachowsky Secretary 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $3,036,734 $4,498,584 $2,890,676 $-1,461,850
2023 $2,504,743 $4,303,121 $4,182,944 $-1,798,378
2022 $4,992,704 $3,985,037 $6,337,413 $1,007,667
2021 $6,510,987 $3,506,004 $6,023,095 $3,004,983
2020 $1,494,730 $2,174,923 $2,989,391 $-680,193
2019 $3,100,295 $2,040,645 $3,352,436 $1,059,650
2018 $1,082,760 $2,239,649 $2,290,451 $-1,156,889
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