One Purse Inc

Analysis

One Purse Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 Purse Inc reported income of $934k and spending of $663k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $225k to $934k (+316%), an average of +43% a year. The sharpest change came in the year to December 2021, when income rose by 149%. Over the whole period it spent 76% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, One Purse Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Spark Ventures ($934k), Safe ($934k) and Aldea Advancing Local Development Thur Empowerment and Action Inc ($933k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $191k (29% of expenses). Other salaries and wages came to $132k. At year end it held assets of $766k against liabilities of $101k, net assets of $664k. It reported 13 employees.