We Are One Heart Foundation Inc

Analysis

We Are One Heart Foundation Inc is a registered charity in United States, based in Denton, TX. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, We Are One Heart Foundation Inc reported income of $336k and spending of $348k, spending 103% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $221k to $336k (+52%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, We Are One Heart Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Workforce Housing of Okeechobee Inc ($336k), Liberty Woods Senior Housing Cooperative Inc ($336k) and South Southwest Elderly Housing Corporation Inc ($336k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.0% and program service revenue 95% of the total. At year end it held assets of $19k against liabilities of $18k, net assets of $681.