Type One Inc

Analysis

Type One Inc is a registered charity in United States, based in Hingham, MA. It received its IRS tax-exemption ruling in September 2018, 8 years ago. 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 January 2024, Type One Inc reported income of $498k and spending of $634k, spending 127% of what it took in. Across the 5 years on record, from January 2020 to January 2024, income grew from $117k to $498k (+327%), an average of +44% a year. The sharpest change came in the year to January 2024, when income rose by 230%. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Type One Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include University of Massachusetts at Amherst Alumni Association Inc ($498k), National Church Residences of ($498k) and The Vine International Ministries of Orlando Inc ($498k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 78% of the total. Other salaries and wages came to $185k. It paid $22k in professional fundraising fees. At year end it held assets of $925k against liabilities of $971k, net assets of -$46k. It reported 44 employees.