Onevaltech Fund for Ukraine

Analysis

Onevaltech Fund for Ukraine is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Onevaltech Fund for Ukraine reported income of $120k and spending of $19k, leaving 84% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $32k to $120k (+276%), an average of +276% a year. The sharpest change came in the year to December 2023, when income rose by 276%. Over the whole period it spent 24% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Onevaltech Fund for Ukraine sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within FL. Charities of a similar size with the same main cause include Hamilton Volunteer Fire Department ($120k), Athens Volunteer Fire Co Inc ($120k) and Sri Lankan Muslim Community Center ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $115k against liabilities of $0, net assets of $115k.