Overview
What is Ought Inc?
Ought Inc. is a research-focused nonprofit organization situated in Covina, California. With a team of 10 individuals, this organization conducts innovative research in San Francisco, utilizing artificial intelligence and machine learning to support human deliberation. Their primary objective is to scale and automate open-ended reasoning by studying human thought processes. To achieve this, they are currently developing Elicit, an AI tool designed to assist academics and researchers in their work. The organization's mission is to leverage machine learning to contribute to thinking and reflection as effectively as it does to tasks with clear, short-term outcomes.
Official website here: www.ought.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Ought Inc has received an 81% rating from Charity Navigator, reflecting a commendable level of accountability and financial management. The organization excels in areas such as having a majority of independent board members, robust financial oversight, and effective fundraising efficiency. With no reported material diversions of assets and a strong ratio of liabilities to assets, Ought Inc demonstrates sound financial health.
However, the organization does have notable gaps in key policies, specifically the lack of a whistleblower policy and a document retention and destruction policy, which could be seen as limitations in its governance framework. While the program expense ratio is moderately lower, the organization still maintains a healthy working capital ratio, indicating good liquidity and financial stability. Overall, Ought Inc shows a strong commitment to accountability but would benefit from improving its governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Ought Inc legitimate?
Ought Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ought Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $295,024
Professional Fundraising Fees: $0
Other Salaries and Wages: $735,493
For more financial information, click here
Official website here: www.ought.org
What is the mission statement of Ought Inc?
Ought Inc, a research organization, is dedicated to scaling up good reasoning. Their primary aim is to utilize machine learning and artificial intelligence to aid in thinking and reflection, just as effectively as they currently assist with tasks that have clear short-term outcomes. The organization conducts research on supporting deliberation using AI and machine learning, sharing their findings openly. They have also developed a taxonomy of approaches to break down complex reasoning about natural language questions into smaller, automated tasks.
Official website here: www.ought.org
Who is the CEO of Ought Inc?
Owain Evans is the CEO of Ought Inc The CEO's salary of Ought Inc is $0 and their total compensation is $0.
Official website here: www.ought.org
What is the revenue of Ought Inc?
Ought Inc's revenue in 2024 was $2,159,515.
Official website here: www.ought.org
Who are the executives of Ought Inc and what are their salaries?
The average compensation at Ought Inc during 2024 was $85,876. There are 12 employees and 3 volunteers at Ought Inc.
Here are 10 key members and their salaries (Ought Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $131,000
- Related: $0
- Other: $17,408
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $128,776
- Related: $0
- Other: $17,840
- Compensation: $131,360
- Related: $0
- Other: $20,453
- Compensation: $163,953
- Related: $0
- Other: $19,982
- Compensation: $117,156
- Related: $0
- Other: $14,358
- Compensation: $112,021
- Related: $0
- Other: $5,292
- Compensation: $140,055
- Related: $0
- Other: $13,302
Official website here: www.ought.org
Where can I find the form 990 for Ought Inc?
Ought Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.ought.org
Learn more at the official website: www.ought.org
Mission Statement of Ought Inc
Ought Inc, a research lab based in San Francisco, is dedicated to scaling up good reasoning. Their mission is to leverage machine learning and artificial intelligence to aid in thinking and reflection as effectively as they currently do with tasks that have clear short-term outcomes. The organization's goal is to study human reasoning and apply these findings to develop tools that can assist academics and researchers in their deliberation processes. Ought Inc has published a taxonomy of approaches to breaking down complex reasoning about natural language questions into smaller, manageable tasks that, in theory, can be automated. Their aim is to contribute to the field of supporting deliberation using artificial intelligence and machine learning, and they share their findings openly.
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Impact
July, 2024
Ought Inc's impact lies in its mission to scale up good reasoning through the application of machine learning and artificial intelligence. By studying human reasoning and developing AI tools like Elicit, Ought Inc is at the forefront of research in supporting deliberation using advanced technologies. The organization's work in conceptual and empirical research, particularly in automating complex reasoning processes related to natural language questions, has the potential to revolutionize how we approach reasoning and decision-making. Ought Inc's commitment to sharing its findings openly contributes to the broader scientific community's understanding of AI and machine learning applications in the realm of reasoning.
This information is meant to be a general summary of Ought Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $3,635
- Program Service Revenue: $795,267
- Gross Receipts: $2,159,515
Assets and Liabilities:
- Total Assets: $5,923,855
- Total Liabilities: $217,117
- Net Assets: $5,706,738
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$795,267
Organization Details
Founding Year
2016
Principal Officer
Owain Evans
Website
www.ought.orgNTEE Category
Code: U40 - Science research
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