One Solution Foundation Inc

Analysis

One Solution Foundation Inc is a registered charity in United States, based in Chicag, IL. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Solution Foundation Inc reported income of $400k and spending of $367k, spending 92% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $243k to $400k (+65%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, One Solution Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within IL. Charities of a similar size with the same main cause include Butte County Office of Education Charitable TR ($400k), Cornerstone Christian Schools Inc ($400k) and State College Area School District Education Foundation Inc ($400k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $138k (38% of expenses). Other salaries and wages came to $98k. At year end it held assets of $56k against liabilities of $6,101, net assets of $50k. It reported 9 employees.