Overview
What is Unitus Labs?
Unitus Labs is a nonprofit organization situated in Orem, Utah, with a focus on combating global poverty. They provide consulting, financial assistance through loans, grants, and investments to partner organizations that implement innovative market-based strategies. Their mission is to empower individuals economically, aiming to have a significant impact on reducing poverty on a large scale. They collaborate with organizations worldwide to achieve this goal, offering valuable support to their initiatives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Unitus Labs has earned a solid Three-Star rating based on its strong accountability and finance practices, scoring 79%. The rating reflects its commitment to transparency and responsible financial management, with a high program expense ratio of 99.17%, indicating that most of its funds are directed toward its mission rather than administrative costs. The organization demonstrates sound governance with a majority of independent board members and established policies for conflict of interest and whistleblower protections.
User feedback highlights the innovative approach of Unitus Labs in addressing extreme poverty through support for early-stage entrepreneurs in the microfinance sector. With a significant impact reported in transforming financial services in India, the organization has reportedly affected the lives of around 8 million families. Reviewers emphasize the effectiveness of Unitus Labs' model and its high-performance culture, which is bolstered by a team primarily sourced from the private sector.
While the data shows a strong commitment to its mission and operational integrity, it mainly focuses on financial metrics. Future evaluations could benefit from incorporating more qualitative assessments of program impact and community engagement to provide a fuller picture of the organization's effectiveness.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Unitus Labs legitimate?
Unitus Labs is a legitimate nonprofit organization registered as a 501(c)(3) entity. Unitus Labs submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Unitus Labs?
Unitus Labs, as a mission-driven organization, strives to combat global poverty by fostering economic self-empowerment. They achieve this goal by offering consulting, financial assistance in the form of loans, grants, and investments to partner organizations that implement innovative market-based strategies. These strategies have the potential to significantly impact a large scale, contributing to the reduction of poverty worldwide.
Who is the CEO of Unitus Labs?
Mike Murray is the Secretary of Unitus Labs.
What is the revenue of Unitus Labs?
Unitus Labs's revenue in 2022 was $705,610.
Who are the executives of Unitus Labs and what are their salaries?
There 6 volunteers at Unitus Labs.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Unitus Labs?
Unitus Labs's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Unitus Labs
Unitus Labs, a nonprofit organization, is dedicated to combating global poverty by championing economic self-empowerment. Its mission is to offer consulting, loans, grants, and investments to partner organizations that are spearheading innovative market-based strategies. These strategies aim to significantly reduce poverty on a large scale. Unitus Labs supports these partner organizations in their endeavors, thereby contributing to the global fight against poverty.
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Impact
July, 2024
Unitus Labs seeks to reduce global poverty through economic self-empowerment by providing consulting support, loans, grants, and investments to partner organizations implementing innovative market-based approaches to poverty reduction. Their work has the potential for very large scale impact, making a difference in international communities.
This information is meant to be a general summary of Unitus Labs. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $220
- Gross Receipts: $705,610
Assets and Liabilities:
- Total Assets: $493,156
- Total Liabilities: $0
- Net Assets: $493,156
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Organization Details
Founding Year
2000
Phone
(801) 362-8998Principal Officer
Mike Murray
Main Address
435 S 660 W, OREM, UT, 840586078
NTEE Category
Code: Q320 - International
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