One World Market Inc

Analysis

One World Market Inc is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in May 2002, 24 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 January 2024, One World Market Inc reported income of $87k and spending of $119k, spending 137% of what it took in. Across the 5 years on record, from January 2020 to January 2024, income fell from $140k to $87k (-38%), an average of -11% a year. The sharpest change came in the year to January 2023, when income dropped by 46%. Over the whole period it spent 122% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, One World Market Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include African Missionary Foundation Inc ($87k), Exterior Design Institute Inc ($87k) and Choctaw-Apache Community of Ebarb Inc ($87k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 13% of the total. Other salaries and wages came to $66k. At year end it held assets of $53k against liabilities of $3,283, net assets of $50k. It reported 10 employees.