One Heart Worldwide

Analysis

One Heart Worldwide is a registered charity in United States, based in Hoover, AL. It received its IRS tax-exemption ruling in August 2018, 8 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, One Heart Worldwide reported income of $4.1m and spending of $2.9m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $4.1m (+80%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 521%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, One Heart Worldwide sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 94th percentile within AL. Charities of a similar size with the same main cause include Adult Center for Enrichment Inc ($4.1m), Community Services Foundation ($4.1m) and Xyz Cacfp Incorporation ($4.1m).

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 $539k (19% of expenses). Other salaries and wages came to $789k. At year end it held assets of $3.3m against liabilities of $116k, net assets of $3.1m. It reported 8 employees.