One Square World

Analysis

One Square World is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, One Square World reported income of $913k and spending of $817k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $194k to $913k (+370%), an average of +47% a year. The sharpest change came in the year to December 2020, when income rose by 390%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, One Square World sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Washington Interfaith Network ($912k), Ability KC Industries ($913k) and Connecticut Main Street Center Inc ($911k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $123k (15% of expenses). Other salaries and wages came to $311k. It paid $11k in professional fundraising fees. At year end it held assets of $449k against liabilities of $71k, net assets of $378k. It reported 6 employees.