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Filing year 2024

PUBLIC INVENTION

Austin, Texas·EIN 83-4036254·NTEE U05 · Science & Technology·501(c)(3)
Total revenue
$407k
Total assets
$265k
Total expenses
$135k
Reported officers
1
Mission

Public Invention alleviates poverty and advances education, science, and engineering by creating teams of mostly unpaid volunteers who "Invent in the public, for the Public". All of our activities are open-source and shared with all businesses and persons under open source licenses. We seek to create a movement for open science and invention similar to the open source software movement, but including inventions which help humanity, such as biomedical devices.

Reported officers (all unpaid)

No paid executives reported in 2024. PUBLIC INVENTION reported 1 unpaid officer or board member on its 990.

President

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Financial trend

Revenue and expenses over time

PUBLIC INVENTION reported revenue and expenses across 2 filing years.

RevenueExpenses
$167k
$170k
2023
$407k
$135k
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Science & Technology executives earn

PUBLIC INVENTION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable science & technology organization nationwide earns a median of $127,487.

25th percentile
$50k
Median
$127,487
75th percentile
$250k
90th percentile
$501k

These are science & technology sector-wide figures, not this organization's reported pay. Based on 1,079 organizations across 1,079 filings (2020 – 2024).

See full Science & Technology compensation data
FAQ

Common questions about PUBLIC INVENTION

What are PUBLIC INVENTION's revenue and expenses?

In 2024, PUBLIC INVENTION reported $407k in total revenue and $135k in total expenses on its IRS Form 990.

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