Unique Life Inc
Unique Life Inc. shows rapid asset growth and increased liabilities, maintaining 0% officer compensation.
EIN: 113653314 · Bronx, NY · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $17.7M |
| Total Expenses | $17.8M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $17.9M |
| Net Assets | $6.1M |
| Transparency Score | 85/100 |
Is Unique Life Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Unique Life Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Unique Life Inc
Unique Life Inc (EIN: 113653314) is a nonprofit organization based in Bronx, NY, classified under NTEE code P20. The organization reported total revenue of $17.7M and total assets of $20.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Unique Life Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Unique Life Inc is a large nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 20.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $17.9M |
| Total Expenses | $17.8M |
| Surplus / Deficit | +$173K |
| Total Assets | $20.9M |
| Total Liabilities | $14.8M |
| Net Assets | $6.1M |
| Operating Margin | 1.0% |
| Debt-to-Asset Ratio | 70.8% |
| Months of Reserves | 14.1 months |
Financial Health Grade: A
In 2024, Unique Life Inc reported a surplus of $173K with revenue exceeding expenses, holds 14.1 months of operating reserves (strong position), has a debt-to-asset ratio of 70.8% (high leverage).
Financial Trends
Over 12 years of filings (2012–2024), Unique Life Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +1.4% | +1.5% | +165.4% |
| 2023 | +24.4% | +30.2% | +10.2% |
| 2022 | +32.7% | +38.4% | +5.1% |
| 2021 | +45.7% | +45.1% | +26.9% |
| 2020 | +10.9% | +3.2% | +38.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Unique Life Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Unique Life Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $173K, with revenue exceeding expenses.
- Debt-to-asset ratio: 70.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size ($17.9M revenue) and suggests either pro-bono leadership or compensation being reported under other expense categories, warranting further scrutiny for complete transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Unique Life Inc's IRS 990 filings:
- Significant increase in liabilities (from $1.7M to $14.7M) in the latest period without clear explanation in summary data.
- 0% officer compensation for an organization of this size is unusual and may obscure actual leadership compensation.
Strengths
The following positive indicators were identified for Unique Life Inc:
- Consistent revenue growth over the past decade, indicating expanding reach and impact.
- Expenses closely track revenue, suggesting efficient use of funds.
- Significant asset growth, potentially indicating increased capacity for mission delivery.
- Consistent reporting of 0% officer compensation, indicating a potential commitment to directing funds to programs.
Frequently Asked Questions about Unique Life Inc
Is Unique Life Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Unique Life Inc (EIN: 113653314) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Unique Life Inc spend its money?
Unique Life Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Unique Life Inc tax-deductible?
Unique Life Inc is registered as a tax-exempt nonprofit (EIN: 113653314). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Unique Life Inc CEO make?
Unique Life Inc's highest-compensated officer earns $17.9M annually. The organization reported $17.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Unique Life Inc's spending goes to programs?
Unique Life Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Unique Life Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Unique Life Inc is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Unique Life Inc located?
Unique Life Inc is headquartered in Bronx, New York and files with the IRS under EIN 113653314. It is classified under NTEE code P20.
How many years of IRS 990 filings does Unique Life Inc have?
Unique Life Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $17.7M in total revenue.
Is Unique Life Inc. a good charity?
Unique Life Inc. demonstrates strong growth, efficient spending with expenses closely matching revenue, and a notable commitment to not paying officer compensation. The significant increase in assets and liabilities in the latest period suggests a major expansion, which could be positive for its mission. However, understanding the nature of these new liabilities is crucial for a complete assessment.
What caused the large increase in assets and liabilities in the 202406 period?
The filings indicate a jump in assets from $7,865,754 to $20,872,106 and liabilities from $1,783,295 to $14,774,363 between 202306 and 202406. This suggests a significant capital event, such as the acquisition of property, plant, and equipment, or a major program expansion, likely financed through debt or other obligations.
How does Unique Life Inc. manage to have 0% officer compensation with its revenue size?
The consistent reporting of 0% officer compensation for an organization with revenues exceeding $17 million is highly uncommon. This could mean that leadership is entirely volunteer-based, compensated through a related entity not disclosed in this section, or that compensation is categorized differently within the expense breakdown. Further detail from the full 990 form would be needed to clarify this.
Filing History
IRS 990 filing history for Unique Life Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2024), Unique Life Inc's revenue has grown by 848.7%, moving from $1.9M to $17.9M. Total assets increased by 2046.4% over the same period, from $972K to $20.9M. Total functional expenses rose by 966.8%, from $1.7M to $17.8M. In its most recent filing year (2024), Unique Life Inc reported a surplus of $173K, with revenue exceeding expenses. The organization holds $14.8M in liabilities against $20.9M in assets (debt-to-asset ratio: 70.8%), resulting in net assets of $6.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $17.9M | $17.8M | $20.9M | $14.8M | — | View 990 |
| 2023 | $17.7M | $17.5M | $7.9M | $1.8M | — | View 990 |
| 2022 | $14.2M | $13.4M | $7.1M | $1.2M | — | View 990 |
| 2021 | $10.7M | $9.7M | $6.8M | $1.7M | — | — |
| 2020 | $7.4M | $6.7M | $5.4M | $1.2M | — | View 990 |
| 2019 | $6.6M | $6.5M | $3.9M | $674K | — | View 990 |
| 2018 | $4.8M | $5.3M | $3.5M | $495K | — | View 990 |
| 2017 | $4.4M | $4.4M | $3.6M | $273K | — | View 990 |
| 2016 | $4.2M | $3.8M | $3.6M | $368K | — | View 990 |
| 2014 | $2.6M | $1.8M | $2.2M | $124K | — | View 990 |
| 2013 | $2.0M | $1.6M | $1.5M | $156K | — | View 990 |
| 2012 | $1.9M | $1.7M | $972K | $86K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $17.9M, expenses of $17.8M, and assets of $20.9M (revenue +1.4% year-over-year).
- 2023: Revenue of $17.7M, expenses of $17.5M, and assets of $7.9M (revenue +24.4% year-over-year).
- 2022: Revenue of $14.2M, expenses of $13.4M, and assets of $7.1M (revenue +32.7% year-over-year).
- 2021: Revenue of $10.7M, expenses of $9.7M, and assets of $6.8M (revenue +45.7% year-over-year).
- 2020: Revenue of $7.4M, expenses of $6.7M, and assets of $5.4M (revenue +10.9% year-over-year).
- 2019: Revenue of $6.6M, expenses of $6.5M, and assets of $3.9M (revenue +36.9% year-over-year).
- 2018: Revenue of $4.8M, expenses of $5.3M, and assets of $3.5M (revenue +10.2% year-over-year).
- 2017: Revenue of $4.4M, expenses of $4.4M, and assets of $3.6M (revenue +3.5% year-over-year).
- 2016: Revenue of $4.2M, expenses of $3.8M, and assets of $3.6M (revenue +65.9% year-over-year).
- 2014: Revenue of $2.6M, expenses of $1.8M, and assets of $2.2M (revenue +26.7% year-over-year).
- 2013: Revenue of $2.0M, expenses of $1.6M, and assets of $1.5M (revenue +6.9% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.7M, and assets of $972K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Unique Life Inc:
Data Sources and Methodology
This transparency report for Unique Life Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.