One Wake

Analysis

One Wake is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Wake reported income of $345k and spending of $386k, spending 112% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $529k to $345k (-35%), an average of -13% a year. The sharpest change came in the year to December 2021, when income dropped by 53%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, One Wake sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within NC. Charities of a similar size with the same main cause include Focused Outreach Richmond Incorporated ($345k), Rebuilding Together Metro Denver Inc ($345k) and Swag Custom Rides Inc ($345k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $104k (27% of expenses). Other salaries and wages came to $69k. At year end it held assets of $316k against liabilities of $49k, net assets of $267k. It reported 2 employees.