Unity Music Foundation

Analysis

Unity Music Foundation is a registered charity in United States, based in Lafayette, CA. It received its IRS tax-exemption ruling in August 2012, 14 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, Unity Music Foundation reported income of $210k and spending of $93k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $141k to $210k (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 162%. Over the whole period it spent 53% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Unity Music Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Chortek Weisman Family Foundation ($210k), Hortense B Perry Foundation Inc ($210k) and Friends of Coochs Bridge Historic Site Inc ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $23k (25% of expenses). At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.