Thoughts
Open Collective Foundation (OCF) is shutting down. Gosh the actual frick.
This is a huge loss because they were a 501(c)(3). The Open Source Collective (OSC) still operates, but as a 501(c)(6). (I can't find a source for why the OSC is a 501(c)(6), from reading Wikipedia, this designation sounds incorrect.)
(The Open Source Collective and Open Collective Foundation were both fiscal hosts on the Open Collective Inc (OCI) platform.)
There is actually no information about why they're shutting down. In September they announced that they had decided to "pause on accepting new collectives through February 2024" in order to "to accommodate the exponential growth we have experienced" and "continue to provide our services to their highest standard".
=> https://opencollective.com/foundation/updates/ocf-slow-down-pausing-new-applications-through-feb-2024
In July 2020, the OCI waived its 5% platform fee for the OCF. So OCF was taking a 5% host fee and not paying the OCI—their expenses were only administrative. Granted, they were doing a lot of administrative work. For instance, filing taxes for all of the 600 organizations they hosted, not just themselves. But again, at 5% for each of them you would think it would make sense. Maybe they had too many collectives with low-to-no income that still resulted in paperwork overhead. It's still really weird that they shut down instead of increasing their host fee to 10% like other hosts, or kicking out organizations.
Most recent 990, from 2021, so I don’t expect it to be too relevant
=> https://apps.irs.gov/pub/epostcard/cor/814004928_202112_990_2023051121205973.pdf