The Unit Foundation

Analysis

The Unit Foundation is a registered charity in United States, based in Vass, NC. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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, The Unit Foundation reported income of $1.3m and spending of $1.2m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $878k to $1.3m (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2020, when income rose by 189%. Over the whole period it spent 50% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Unit Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Friends of CS Inc ($1.3m), St Johns Cathedral School & Early Learning Center Inc ($1.3m) and Laurel County Literacy Council Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $84k (7.1% of expenses). At year end it held assets of $3.4m against liabilities of $29k, net assets of $3.4m. It reported 1 employees.