Unemed Corporation

Analysis

Unemed Corporation is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Unemed Corporation reported income of $3.1m and spending of $3.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.0m to $3.1m (-23%), an average of -6.3% a year. The sharpest change came in the year to June 2021, when income dropped by 18%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Unemed Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within NE. Charities of a similar size with the same main cause include Altoona School Inc ($3.1m), International Transportation Learning Center ($3.1m) and Doral Academy of Idaho Inc ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 30% of the total. At year end it held assets of $2.3m against liabilities of $528k, net assets of $1.8m.