United Way of Androscoggin County Inc

Analysis

United Way of Androscoggin County Inc is a registered charity in United States, based in Lewiston, ME. It received its IRS tax-exemption ruling in February 1961, 65 years ago. 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 2023, United Way of Androscoggin County Inc reported income of $1.4m and spending of $1.0m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.4m (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2021, when income dropped by 32%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United Way of Androscoggin County Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within ME. Charities of a similar size with the same main cause include Curry Public Transit ($1.4m), Acmg Foundation for Genetic and Genomic Medicine ($1.4m) and C N Wodehouse Faculty Benefit Trust ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $250k (24% of expenses). Other salaries and wages came to $11k. At year end it held assets of $3.7m against liabilities of $59k, net assets of $3.6m. It reported 4 employees.