Oneshare Health LLC

Analysis

Oneshare Health LLC is a registered charity in United States, based in Irving, TX. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Health LLC reported income of $62.5m and spending of $55.8m, spending 89% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $145.4m to $62.5m (-57%), an average of -24% a year. The sharpest change came in the year to December 2022, when income dropped by 30%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Oneshare Health LLC sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include North Canyon Medical Center Inc ($62.5m), The Silvercrest Center for Nursing and Rehabilitation ($62.6m) and Solari Inc ($62.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.2m (2.2% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $7.2m against liabilities of $11.3m, net assets of -$4.1m. It reported 141 employees.