Other Ones Foundation Inc

Analysis

Other Ones Foundation Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Other Ones Foundation Inc reported income of $14.3m and spending of $10.1m, leaving 30% of income unspent that year. Across the 5 years on record, from May 2020 to September 2023, income grew from $967k to $14.3m (+1383%), an average of +96% a year. The sharpest change came in the year to September 2021, when income rose by 471%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Other Ones Foundation 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 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Mary Queen and Mother Association ($14.3m), Project Hope Foundation Inc ($14.3m) and Olympic Community Action Programs ($14.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $434k (4.3% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $7.7m against liabilities of $1.9m, net assets of $5.8m. It reported 110 employees.