We Are One Inc

Analysis

We Are One Inc is a registered charity in United States, based in Hollywood, FL. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, We Are One Inc reported income of $199k and spending of $219k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $143k to $199k (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2020, when income rose by 57%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, We Are One Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 57th percentile within FL. Charities of a similar size with the same main cause include Encourage One Another ($199k), Society of St Vincent de Paul All Saints Conference Inc ($199k) and Ascent Network ($199k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $36k (16% of expenses). Other salaries and wages came to $24k. At year end it held assets of $7,468 against liabilities of $11k, net assets of -$3,323. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.