One Fair Wage Inc

Analysis

One Fair Wage Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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 Fair Wage Inc reported income of $5.1m and spending of $8.7m, spending 171% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $16.8m to $5.1m (-70%), an average of -33% a year. The sharpest change came in the year to December 2021, when income dropped by 67%. Over the whole period it spent 92% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, One Fair Wage Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Community Legal Services in East Palo Alto Inc ($5.0m), More Perfect Union Foundation ($5.1m) and Office of Public Guardian ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $255k (2.9% of expenses). At year end it held assets of $3.8m against liabilities of $214k, net assets of $3.6m. It reported 46 employees.