One Million Degrees

Analysis

One Million Degrees is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Million Degrees reported income of $26.2m and spending of $6.9m, leaving 74% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.0m to $26.2m (+421%), an average of +51% a year. The sharpest change came in the year to June 2023, when income rose by 405%. Over the whole period it spent 50% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, One Million Degrees sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include The Kings Academy ($26.1m), Ja Worldwide Inc ($26.2m) and Glenelg Country School Inc ($26.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $349k (5.0% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $25.8m against liabilities of $257k, net assets of $25.5m. It reported 63 employees.