Unitas Caritas Foundation Inc

Analysis

Unitas Caritas Foundation Inc is a registered charity in United States, based in Lanoka Harbor, NJ. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Unitas Caritas Foundation Inc reported income of $81k and spending of $75k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $81k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 127% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Unitas Caritas Foundation Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 39th percentile within NJ. Charities of a similar size with the same main cause include Friends of the Shalimar Library Inc ($81k), Grapevine High School Fillies Booster Club ($81k) and Straight Way of Grace Ministry Inc ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $9,709 against liabilities of $0, net assets of $9,709.