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 2023, The Onestar Foundation reported income of $28.3m and spending of $28.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $20.3m to $28.3m (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 100% 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 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Heart of Texas Goodwill Industries ($28.3m), Impact Community Action ($28.4m) and Three Rivers Planning & Development District ($28.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $4.3m against liabilities of $4.3m, net assets of $0.