Oneheart

Analysis

Oneheart is a registered charity in United States, based in Rapid City, SD. It received its IRS tax-exemption ruling in October 2019, 7 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, Oneheart reported income of $3.2m and spending of $2.4m, leaving 25% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $9.0m to $3.2m (-65%), an average of -29% a year. The sharpest change came in the year to December 2023, when income rose by 103%. Over the whole period it spent 44% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Oneheart sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within SD. Charities of a similar size with the same main cause include Casa de Redwood Foundation ($3.2m), A Step to Freedom ($3.2m) and Partnership for Afforable Housing Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $193k (8.2% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $10.2m against liabilities of $184k, net assets of $10.0m. It reported 58 employees.