One Need Inc
EIN: 272769877 · Canton, GA · NTEE: P60
| Metric | Value |
|---|---|
| Total Revenue | $414K |
| Total Expenses | $321K |
| Net Assets | $30K |
Is One Need Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About One Need Inc
One Need Inc (EIN: 272769877) is a nonprofit organization based in Canton, GA, classified under NTEE code P60. The organization reported total revenue of $414K and total assets of $53K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of One Need Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
One Need Inc is a small nonprofit that has been operating for 13 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 21.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $307K |
| Total Expenses | $321K |
| Surplus / Deficit | $-14,926 |
| Total Assets | $30K |
| Net Assets | $30K |
| Operating Margin | -4.9% |
| Months of Reserves | 1.1 months |
Financial Health Grade: C
In 2023, One Need Inc reported a deficit of $15K with expenses exceeding revenue, holds 1.1 months of operating reserves (limited).
Financial Trends
Over 10 years of filings (2014–2023), One Need Inc's revenue has grown at a compound annual growth rate (CAGR) of 21.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.0% | +2.1% | -33.3% |
| 2022 | +19.3% | +59.8% | -27.9% |
| 2021 | +61.7% | +25.1% | +533.0% |
| 2020 | +11.7% | +15.0% | -24.9% |
| 2019 | +4.9% | +8.4% | +10.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for One Need Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates One Need Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
Frequently Asked Questions about One Need Inc
Is One Need Inc a legitimate charity?
One Need Inc (EIN: 272769877) is a registered tax-exempt nonprofit based in Georgia. It has 10 years of IRS 990 filings on record. Total revenue: $414K. No red flags identified. Financial health grade: C.
How does One Need Inc spend its money?
One Need Inc reported $414K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to One Need Inc tax-deductible?
One Need Inc is registered as a tax-exempt nonprofit (EIN: 272769877). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is One Need Inc located?
One Need Inc is headquartered in Canton, Georgia and files with the IRS under EIN 272769877. It is classified under NTEE code P60.
How many years of IRS 990 filings does One Need Inc have?
One Need Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $414K in total revenue.
Filing History
IRS 990 filing history for One Need Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), One Need Inc's revenue has grown by 491.1%, moving from $52K to $307K. Total assets increased by 194.4% over the same period, from $10K to $30K. Total functional expenses rose by 504.5%, from $53K to $321K. In its most recent filing year (2023), One Need Inc reported a deficit of $15K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $307K | $321K | $30K | $0 | — | View 990 |
| 2022 | $298K | $315K | $45K | $0 | — | — |
| 2021 | $249K | $197K | $62K | $0 | — | View 990 |
| 2020 | $154K | $157K | $10K | $0 | — | View 990 |
| 2019 | $138K | $137K | $13K | $0 | — | View 990 |
| 2018 | $132K | $126K | $12K | $0 | — | View 990 |
| 2017 | $184K | $182K | $9K | $0 | — | View 990 |
| 2016 | $171K | $182K | $7K | $0 | — | View 990 |
| 2015 | $124K | $117K | $18K | $0 | — | View 990 |
| 2014 | $52K | $53K | $10K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $307K, expenses of $321K, and assets of $30K (revenue +3.0% year-over-year).
- 2022: Revenue of $298K, expenses of $315K, and assets of $45K (revenue +19.3% year-over-year).
- 2021: Revenue of $249K, expenses of $197K, and assets of $62K (revenue +61.7% year-over-year).
- 2020: Revenue of $154K, expenses of $157K, and assets of $10K (revenue +11.7% year-over-year).
- 2019: Revenue of $138K, expenses of $137K, and assets of $13K (revenue +4.9% year-over-year).
- 2018: Revenue of $132K, expenses of $126K, and assets of $12K (revenue -28.5% year-over-year).
- 2017: Revenue of $184K, expenses of $182K, and assets of $9K (revenue +7.7% year-over-year).
- 2016: Revenue of $171K, expenses of $182K, and assets of $7K (revenue +37.6% year-over-year).
- 2015: Revenue of $124K, expenses of $117K, and assets of $18K (revenue +139.9% year-over-year).
- 2014: Revenue of $52K, expenses of $53K, and assets of $10K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for One Need Inc:
Data Sources and Methodology
This transparency report for One Need Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.