Unity Charter School

Analysis

Unity Charter School is a registered charity in United States, based in Morristown, NJ. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Unity Charter School reported income of $5.8m and spending of $6.5m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.7m to $5.8m (+24%), an average of +5.4% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Unity Charter School sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Palmetto Scholars Academy Inc ($5.8m), Activities Beyond the Classroom ($5.8m) and Zeta Tau Alpha Foundation Inc ($5.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $160k (2.5% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $2.4m against liabilities of $2.8m, net assets of -$357k. It reported 74 employees.