Onepassion Ministries Inc

Analysis

Onepassion Ministries Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2021, Onepassion Ministries Inc reported income of $1.7m and spending of $940k, leaving 45% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income grew from $1.3m to $1.7m (+29%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 56% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Onepassion Ministries Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Missions Ministries ($1.7m), Friendship Circle of Cleveland Inc ($1.7m) and Korean Gospel Broadcasting Company Inc ($1.7m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 95% and program service revenue 5.1% of the total. Other salaries and wages came to $462k. At year end it held assets of $2.5m against liabilities of $0, net assets of $2.5m. It reported 4 employees.