One Economy

Analysis

One Economy is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in April 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, One Economy reported income of $193k and spending of $280k, spending 145% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income fell from $406k to $193k (-52%), an average of -31% a year. The sharpest change came in the year to September 2022, when income dropped by 58%. Over the whole period it spent 72% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, One Economy sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within IA. Charities of a similar size with the same main cause include Possabilities Plus Inc ($193k), Cornerstone Center for Economic Opportunity ($193k) and Community Alternatives to Violence Inc ($193k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $88k (31% of expenses). Other salaries and wages came to $45k. At year end it held assets of $666k against liabilities of $433k, net assets of $232k.