Onegeneration

Analysis

Onegeneration is a registered charity in United States, based in Van Nuys, CA. It received its IRS tax-exemption ruling in May 1991, 35 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 June 2023, Onegeneration reported income of $11.9m and spending of $11.1m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.6m to $11.9m (+57%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Onegeneration sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Community Health Center of the Black Hills Inc ($11.9m), Midpen Property Management Corporation ($11.9m) and Florida State College at Jacksonville Foundation Inc ($11.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $344k (3.1% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $7.5m against liabilities of $2.2m, net assets of $5.3m. It reported 202 employees.