Unity Housing Inc

Analysis

Unity Housing Inc is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in April 1968, 58 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 June 2023, Unity Housing Inc reported income of $566k and spending of $697k, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $711k to $566k (-20%), an average of -5.5% a year. The sharpest change came in the year to June 2021, when income dropped by 22%. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Unity Housing Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within WV. Charities of a similar size with the same main cause include Harrison County Child Sexual Abuse Task Force Inc ($566k), Harmers Town Art Center Inc ($566k) and Mid Valley Christian School Inc ($566k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $115k. At year end it held assets of $6.8m against liabilities of $2.4m, net assets of $4.3m. It reported 17 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.