Unitecloud

Analysis

Unitecloud is a registered charity in United States, based in Saint Cloud, MN. It received its IRS tax-exemption ruling in April 2016, 10 years ago. 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 2022, Unitecloud reported income of $131k and spending of $143k, spending 109% of what it took in. Across the 2 years on record, from December 2020 to December 2022, income fell from $203k to $131k (-36%), an average of -36% a year. The sharpest change came in the year to December 2022, when income dropped by 36%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Unitecloud sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 41st percentile within MN. Charities of a similar size with the same main cause include Five and Two Ministries ($131k), Legacy of Hope Foundation ($131k) and East Shelby Volunteer Fire Company Inc ($130k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 91% and program service revenue 9.4% of the total. At year end it held assets of $64k against liabilities of $0, net assets of $64k.