Uunik Academy Inc

Analysis

Uunik Academy Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in July 2005, 21 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 December 2023, Uunik Academy Inc reported income of $198k and spending of $200k, spending 101% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $80k to $198k (+147%), an average of +57% a year. The sharpest change came in the year to December 2022, when income rose by 61%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Uunik Academy Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within TN. Charities of a similar size with the same main cause include Iron Horse Therapeutic Farm ($198k), Foster One ($198k) and Resale Heaven Inc ($198k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $50k (25% of expenses). At year end it held assets of $74k against liabilities of $39k, net assets of $35k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.