Unique Life Inc

Analysis

Unique Life Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Unique Life Inc reported income of $17.9m and spending of $17.8m, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $6.6m to $17.9m (+171%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Unique Life Inc 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 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Colorado State University Research Foundation ($17.9m), Church of the Brethren Home Inc ($17.9m) and Midwest Christian Villages Inc ($17.9m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $884k (5.0% of expenses). Other salaries and wages came to $8.7m. At year end it held assets of $20.9m against liabilities of $14.8m, net assets of $6.1m. It reported 297 employees.