Unity Academy of Chicago

Analysis

Unity Academy of Chicago is a registered charity in United States, based in Streamwood, IL. It received its IRS tax-exemption ruling in June 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 June 2024, Unity Academy of Chicago reported income of $663k and spending of $653k, spending 98% of its income. Across the 4 years on record, from June 2021 to June 2024, income grew from $196k to $663k (+237%), an average of +50% a year. The sharpest change came in the year to June 2022, when income rose by 147%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Unity Academy of Chicago sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include H L Snyder Medical Foundation ($663k), Association of Technology Management and Applied Engineering ($663k) and Glendale Christian Academy Inc ($663k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 22% and program service revenue 78% of the total. Other salaries and wages came to $416k. At year end it held assets of $659k against liabilities of $67k, net assets of $591k. It reported 25 employees.