We operate on a budget of around $13 million (USD). About one-third of our revenue comes from annual dues (e.g., membership fees, subscriptions) and two-thirds from services (e.g., Content Registration, Similarly Check document checking). Our fees are set and reviewed by the Membership & Fees committee, which includes our staff, board, and community members. This group also created a set of fee principles which were approved by the board in 2019.
About 80% of our expenses are related to people - staff, benefits, and contracted support. 20% of our costs are everything else - hosting costs, licensing fees, events, and costs to do business like banking fees and insurance.
Each year we strive to generate a small operating net and have been able to do so nearly every year.
We also maintain a reserve fund to support long-term sustainability. We periodically report on our progress towards fulfilling the Principles of Open Scholarly Infrastructure: 2020, 2022, 2024
Below is a look at how our operations have changed over time.
The majority of our revenue comes from members in smallest and largest tiers. We have seen the most growth in revenue from the smallest fee tier.F
As a not-for-profit, we are tax-exempt, and to maintain that status, we undergo a financial audit each year by an independent accounting firm. Our auditors prepare our Form 990, which the US IRS requires and is made publicly available. It gives an overview of what we do, how we are governed, and detailed financial information.
Below are our recent Form 990s.
2017 Form 990
2018 Form 990
2019 Form 990
2020 Form 990
2021 Form 990
2022 Form 990
2023 Form 990
