Virgin Unite USA Inc

Analysis

Virgin Unite USA Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Virgin Unite USA Inc reported income of $5.8m and spending of $4.2m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.5m to $5.8m (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 104%. Over the whole period it spent 182% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Virgin Unite USA Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Flinthills Services Inc ($5.8m), Council of Michigan Foundations Inc ($5.8m) and Big Sky Youth Education Foundation ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $6.2m against liabilities of $1.3m, net assets of $4.9m.