Unity Prep

Analysis

Unity Prep is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Unity Prep reported income of $6.5m and spending of $6.4m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $6.5m (+59%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 52%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Unity Prep sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Tuso ($6.5m), Friends of Hellenic Classical Charter Schools Inc ($6.5m) and Heichal Hatorah ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $132k (2.1% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $2.4m against liabilities of $637k, net assets of $1.7m. It reported 79 employees.