Unico Foundation Inc

Analysis

Unico Foundation Inc is a registered charity in United States, based in Fairfield, NJ. It received its IRS tax-exemption ruling in September 1962, 64 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Unico Foundation Inc reported income of $502k and spending of $302k, leaving 40% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $550k to $502k (-8.6%), an average of -2.2% a year. The sharpest change came in the year to June 2024, when income rose by 58%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Unico Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Shootout for Soldiers Inc ($502k), Oak Ridge Community Playhouse ($502k) and Martha and Mary Lutheran Services ($502k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 46% of the total. At year end it held assets of $5.6m against liabilities of $0, net assets of $5.6m.