One Hope United

Analysis

One Hope United is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2015, 11 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 June 2023, One Hope United reported income of $77.9m and spending of $71.4m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $56.9m to $77.9m (+37%), an average of +8.2% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, One Hope United sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Allied Health Care Services ($77.7m), Arizona Food Bank Network ($78.1m) and Institute on Aging ($77.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $2.0m (2.8% of expenses). Other salaries and wages came to $38.8m. At year end it held assets of $63.5m against liabilities of $18.5m, net assets of $45.0m. It reported 1,105 employees.