One Bead Project

Analysis

One Bead Project is a registered charity in United States, based in Hudson, OH. It received its IRS tax-exemption ruling in August 2012, 14 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 2022, One Bead Project reported income of $344k and spending of $356k, spending 103% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $202k to $344k (+71%), an average of +20% a year. The sharpest change came in the year to June 2020, when income rose by 61%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, One Bead Project sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within OH. Charities of a similar size with the same main cause include Seton Foundation ($344k), First Christian Church Rogers Youth Programs Inc ($344k) and Wonderworks ($344k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 83% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $60k (17% of expenses). Other salaries and wages came to $160k. At year end it held assets of $447k against liabilities of $12k, net assets of $435k. It reported 5 employees.