Company One Inc

Analysis

Company One Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Company One Inc reported income of $1.4m and spending of $1.0m, leaving 26% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $660k to $1.4m (+107%), an average of +20% a year. The sharpest change came in the year to August 2021, when income rose by 96%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Company One Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include African-American Shakespeare Company ($1.4m), Downtown San Diego Partnership Foundation ($1.4m) and Save Ellis Island Inc ($1.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 86% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $30k (3.0% of expenses). Other salaries and wages came to $567k. At year end it held assets of $1.6m against liabilities of $280k, net assets of $1.3m. It reported 61 employees.