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FINANCIAL OVERVIEW
OneSky has consistently been recognized for exceptional fiscal responsibility and transparency.
In 2022, thanks to the ongoing support of our individual donors, foundations and corporate funders, we received a total revenue of $5.9 million: $3.7 million from individuals, $1.3 million from foundations, and $0.9 million from corporations. OneSky’s revenue was negatively impacted by the Covid pandemic and its effects on corporate, foundation and individual donors. Faced with a challenging economy, corporations and foundations were reshaping their philanthropic plans, and major donors were shifting their giving strategies, resulting in a 37 percent decrease in revenue from the previous year.
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We continue to ensure that the funds we raise are used most effectively aligned with our mission. Our total expenditure in 2022 was $7.8 million, a decrease of 9 percent from 2021. We are pleased to report that $6 million was spent on program services—78 percent of our total expenditure.
At the close of 2022, we held $4.9 million in net assets, which allowed us to accommodate the temporary fluctuations in donation income and continue to invest in our programs.
