Oneshare International

Analysis

Oneshare International is a registered charity in United States, based in Irving, TX. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Oneshare International reported income of $8.4m and spending of $7.1m, spending 84% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $75.9m to $8.4m (-89%), an average of -36% a year. The sharpest change came in the year to December 2020, when income dropped by 91%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Oneshare International sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Lighthouse Catholic Media NFP ($8.4m), Nextbook Inc ($8.4m) and Ukrainian Catholic Education Foundation ($8.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $276k (3.9% of expenses). Other salaries and wages came to $845k. At year end it held assets of $8.9m against liabilities of $58k, net assets of $8.9m. It reported 17 employees.