1day Sooner Inc

Analysis

1day Sooner Inc is a registered charity in United States, based in Claymont, DE. It received its IRS tax-exemption ruling in September 2020, 6 years ago. 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, 1day Sooner Inc reported income of $2.7m and spending of $2.8m, spending 106% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $2.8m to $2.7m (-5.2%), an average of -1.7% a year. The sharpest change came in the year to December 2022, when income rose by 1709%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 1day Sooner Inc 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 88th percentile, and in the 87th percentile within DE. Charities of a similar size with the same main cause include Everthrive Illinois ($2.7m), Foundation of New York-Presbyterian Hudson Valley Hospital ($2.7m) and The Center for Michigan Inc ($2.7m).

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 $303k (11% of expenses). Other salaries and wages came to $414k. At year end it held assets of $3.1m against liabilities of $35k, net assets of $3.0m. It reported 11 employees.