1 Can

Analysis

1 Can is a registered charity in United States, based in Concord, NC. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, 1 Can reported income of $165k and spending of $136k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $165k (+172%), an average of +172% a year. The sharpest change came in the year to December 2023, when income rose by 172%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 1 Can sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NC. Charities of a similar size with the same main cause include In Sight Ministries Inc ($165k), Foothold Twin Cities ($165k) and Huron County Coalition Against Domestic Abuse ($164k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $38k against liabilities of $243, net assets of $38k.