Oneredmond Foundation

Analysis

Oneredmond Foundation is a registered charity in United States, based in Redmond, WA. It received its IRS tax-exemption ruling in March 2010, 16 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, Oneredmond Foundation reported income of $258k and spending of $295k, spending 114% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $215k to $258k (+20%), an average of +9.5% a year. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Oneredmond Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within WA. Charities of a similar size with the same main cause include Downtown Middletown Inc ($258k), Foundation for Community Driven Innovation Inc ($258k) and Rotary Club of Tulsa Foundation ($258k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. At year end it held assets of $52k against liabilities of $0, net assets of $52k.