Unity Properties Inc

Analysis

Unity Properties Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Unity Properties Inc reported income of $1.8m and spending of $3.3m, spending 187% of what it took in. Across the 6 years on record, from August 2019 to December 2023, income grew from $888k to $1.8m (+99%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 1950%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Unity Properties Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MD. Charities of a similar size with the same main cause include Archbishop Hurley Hall Inc ($1.8m), Helping Overcome Povertys Existence Inc ($1.8m) and Woodstock Preservation Corporation ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 42% of the total. Other salaries and wages came to $774k. At year end it held assets of $44.5m against liabilities of $4.0m, net assets of $40.5m. It reported 10 employees.