Unico National Incorporated

Analysis

Unico National Incorporated is a registered charity in United States, based in Fairfield, NJ. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Unico National Incorporated reported income of $588k and spending of $300k, leaving 49% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $344k to $588k (+71%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 45%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Unico National Incorporated sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within NJ. Charities of a similar size with the same main cause include Meals-On-Wheels of Rocky Mount Inc ($588k), Rancho Brazos Community Centers ($588k) and Kinera Foundation Inc ($588k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. Other salaries and wages came to $108k. At year end it held assets of $1.2m against liabilities of $61k, net assets of $1.1m. It reported 4 employees.