United Way Inc

Analysis

United Way Inc is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in August 1956, 70 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, United Way Inc reported income of $12.3m and spending of $13.9m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.8m to $12.3m (+40%), an average of +8.8% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, United Way Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within ME. Charities of a similar size with the same main cause include Central Alabama Community Foundation Inc ($12.3m), Community Foundation of San Benito County ($12.3m) and Child Saving Institute Foundation Inc ($12.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $347k (2.5% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $22.5m against liabilities of $4.2m, net assets of $18.3m. It reported 53 employees.