Unite-La Inc

Analysis

Unite-La Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover employment, 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, Unite-La Inc reported income of $7.7m and spending of $6.4m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $7.7m (+181%), an average of +29% a year. The sharpest change came in the year to December 2020, when income rose by 88%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Unite-La Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Bawac Inc ($7.7m), Skyline Center Inc ($7.7m) and Northeast Mississippi Planning and Development District Inc ($7.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $193k (3.0% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $7.2m against liabilities of $1.6m, net assets of $5.6m. It reported 56 employees.