Unlocal Inc

Analysis

Unlocal Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2010, 16 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, Unlocal Inc reported income of $3.5m and spending of $3.1m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $925k to $3.5m (+281%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Unlocal Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Right to Be Inc ($3.5m), Jasper Area Family Services Center Inc ($3.5m) and The Arc of East Ascension ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $1.9m against liabilities of $736k, net assets of $1.2m. It reported 23 employees.