One Community NYC Inc

Analysis

One Community NYC Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2018, 8 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 June 2023, One Community NYC Inc reported income of $1.7m and spending of $1.7m, spending 100% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $224k to $1.7m (+648%), an average of +174% a year. The sharpest change came in the year to June 2023, when income rose by 645%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, One Community NYC Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Rochester Economic Development Corporation ($1.7m), Warren County Development Association ($1.7m) and Work & Service Coalition ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Other salaries and wages came to $350k. At year end it held assets of $337k against liabilities of $318k, net assets of $19k. It reported 20 employees.