Public Invention was incorporated and granted 501c3 tax-exempt status by the IRS in 2019. 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. More detailed information can be found in our Annual Report (and in our Quarterly Summaries for further breakdowns).
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.