Unified Potential Inc

Analysis

Unified Potential Inc is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in December 2019, 7 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 December 2023, Unified Potential Inc reported income of $111k and spending of $127k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $266k to $111k (-58%), an average of -58% a year. The sharpest change came in the year to December 2023, when income dropped by 58%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Unified Potential Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within VA. Charities of a similar size with the same main cause include The Smallest Seed Inc ($111k), Project Giving Light a Non Profit Corporation ($111k) and Hope Community Outreach Servicesinc ($111k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $37k. At year end it held assets of $117k against liabilities of $138k, net assets of -$21k.