Unified Spectrum Inc

Analysis

Unified Spectrum Inc is a registered charity in United States, based in Plainsboro, NJ. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 2022, Unified Spectrum Inc reported income of $54k and spending of $42k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2020 to December 2022, income grew from $1,423 to $54k (+3720%), an average of +3720% a year. The sharpest change came in the year to December 2022, when income rose by 3720%. Over the whole period it spent 77% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Unified Spectrum Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 28th percentile within NJ. Charities of a similar size with the same main cause include The Christopher Stone Fund ($54k), Lifeline Foundation Inc ($54k) and Sheltering Arms Hospital South Inc ($54k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 36% and program service revenue 64% of the total. Other salaries and wages came to $8,501. At year end it held assets of $29k against liabilities of $14k, net assets of $15k. It reported 5 employees.