One World Arts Incorporated

Analysis

One World Arts Incorporated is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, One World Arts Incorporated reported income of $61k and spending of $77k, spending 127% of what it took in. Across the 3 years on record, from May 2022 to May 2024, income grew from $7,272 to $61k (+735%), an average of +189% a year. The sharpest change came in the year to May 2023, when income rose by 743%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, One World Arts Incorporated sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Operation Matt Inc ($61k), A Place of Grace Ltd ($61k) and Cooking Well ($61k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $39k. At year end it held assets of $651 against liabilities of $0, net assets of $651.