Public Invention was incorporated and granted 501c3 tax-exempt status by the IRS in 2019. In its founding year of 2019, Public Invention received $18,000 in donations primarily from its founder, with support from other public inventors and board members. At the end of 2019 it had approximately $6000 in the bank. More detailed information can be found in our 2019 annual report.
In 2020, many of our plans were dictated by the pandemic, as Public Invention positioned itself at the center of the open-source response to COVID-19. We received a $20,000 MOSS grant and a $20,000 grant from Protocol Labs, which have mostly gone toward our COVID-19 relief efforts. We currently have $52,000 in cash on hand. More detailed information can be found in our Quarterly Summaries thus far.