One Love Initiative Inc

Analysis

One Love Initiative Inc is a registered charity in United States, based in Huntington Beach, CA. It received its IRS tax-exemption ruling in February 2013, 13 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 2023, One Love Initiative Inc reported income of $4.3m and spending of $3.8m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $4.3m (+173%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, One Love Initiative Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Helping Hands Support Inc ($4.3m), Christ Citadel International Church ($4.3m) and Napa Institute ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $47k (1.2% of expenses). Other salaries and wages came to $34k. At year end it held assets of $1.7m against liabilities of $55k, net assets of $1.7m. It reported 4 employees.