One in Long Beach Inc

Analysis

One in Long Beach Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in September 1980, 46 years ago. Its declared purposes cover education, which this site groups under education and training. 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 in Long Beach Inc reported income of $2.6m and spending of $2.9m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.6m (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, One in Long Beach Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Security Council Report Inc ($2.6m), Sankofa Montessori ($2.6m) and Muslim Education Resource Council ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $214k (7.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.9m against liabilities of $357k, net assets of $1.5m. It reported 37 employees.