Unisal

Analysis

Unisal is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Unisal reported income of $60k and spending of $65k, spending 108% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $48k to $60k (+26%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Unisal sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within NC. Charities of a similar size with the same main cause include Rayl Charitable Organization ($60k), Whitmore Economic Development Group ($60k) and Bellingham Makerspace ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $172 against liabilities of $0, net assets of $172.