The Onestar Foundation

Analysis

The Onestar Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2022, The Onestar Foundation reported income of $10.9m and spending of $11.5m, spending 105% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income fell from $36.5m to $10.9m (-70%), an average of -26% a year. The sharpest change came in the year to December 2022, when income rose by 224%. Over the whole period it spent 167% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Onestar Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Enterprise Professional Services Inc ($10.9m), Urban Edge Housing Corp ($10.9m) and Cordova Community Councilfoundation ($10.9m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $400k (3.5% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.2m against liabilities of $368k, net assets of $1.8m. It reported 48 employees.