Onerace Inc

Analysis

Onerace Inc is a registered charity in United States, based in Lawrenceville, GA. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Onerace Inc reported income of $284k and spending of $403k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $244k to $284k (+16%), an average of +3.9% a year. The sharpest change came in the year to December 2020, when income rose by 143%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Onerace Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within GA. Charities of a similar size with the same main cause include Cross of Our Lord Jesus Christ Ministries ($284k), Model City Church Inc ($284k) and Wong Tai-Sen Center ($284k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $129k (32% of expenses). Other salaries and wages came to $76k. At year end it held assets of $112k against liabilities of $2,498, net assets of $109k. It reported 4 employees.