Unite Life

Analysis

Unite Life is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Unite Life reported income of $1.8m and spending of $2.5m, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.8m (+55%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 86%. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Unite Life sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Banner of Truth ($1.8m), Right From the Heart Ministries Inc ($1.8m) and Ark of Grace Ministries ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $101k (4.1% of expenses). Other salaries and wages came to $498k. At year end it held assets of $9,946 against liabilities of $308k, net assets of -$298k. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.