One Love Community Inc

Analysis

One Love Community Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2022, 4 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, One Love Community Inc reported income of $270k and spending of $114k, leaving 58% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $103k to $270k (+161%), an average of +161% a year. The sharpest change came in the year to December 2023, when income rose by 161%. Over the whole period it spent 45% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, One Love Community Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Go Team Foundation ($270k), Access Language Solutions Inc ($270k) and Refugee Assistance Center Inc ($270k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $227k against liabilities of $0, net assets of $227k.