Unifour One

Analysis

Unifour One is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in February 2024, 2 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Unifour One reported income of $480k and spending of $678k, spending 141% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $698k to $480k (-31%), an average of -12% a year. The sharpest change came in the year to December 2020, when income rose by 122%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Unifour One sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Westown Community Development Corporation ($480k), North Central Montana Economic Development District Inc ($480k) and Painters Apprenticeship and Training Trust Fund ($479k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $192k (28% of expenses). Other salaries and wages came to $327k. At year end it held assets of $636k against liabilities of $400k, net assets of $236k. It reported 26 employees.