Only One Inc

Analysis

Only One Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2013, 13 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Only One Inc reported income of $7.3m and spending of $8.9m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.1m to $7.3m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 100% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Only One Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Wine to Water ($7.3m), Groundswell Inc ($7.3m) and Green Building Initiative Inc ($7.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $1.3m (15% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $511k against liabilities of $974k, net assets of -$463k. It reported 18 employees.