UNITY OF GREATER CHICAGO
Mission Statement
The objectives of the UNITY organization shall include the following: 1) To plan and hold a Chinese New Year celebration event annually during Chinese Lunar New Year for the Chinese American Community in the Metropolitan Chicago Area, 2) To promote cultural exchange, educational enhancement, and business enterprising for the Chinese American community in and out of Metropolitan Chicago, 3) To provide networking opportunities for all, including but not limited to educational institutions, business corporations, or private entrepreneurs in the Chinese American Community with their counterparts, 4) To foster friendship and understandings between eastern and western societies, with the hope that these endeavors will enrich the lives of all peoples, 5) To advance the opportunities for the young Chinese Americans to increase awareness of the Chinese heritage and encouraging their participation in community activities for their growth in main stream America.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
62.9% | 82.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
6.1 mo | 9.8 mo |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
81.9% | 79.8% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
4.6% | 8.2% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
10.2% | 8.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
2.8% | 1.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $111K | $108K | $55K | 62.9% | — |
| 2023 | $106K | $98K | $52K | 71.4% | — |
| 2022 | $74K | $66K | $43K | 68.3% | — |
| 2021 | $4K | $4K | N/A | — | 1 |
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