Source One Five

Analysis

Source One Five is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Source One Five reported income of $67k and spending of $56k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $43k to $67k (+58%), an average of +58% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Source One Five sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within TN. Charities of a similar size with the same main cause include King William County Historical Society ($67k), Dance Alliance of the Pikes Peak Region ($67k) and Synth Library Portland ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.