United Way of the Tri Valley Area

Analysis

United Way of the Tri Valley Area is a registered charity in United States, based in Farmington, ME. It received its IRS tax-exemption ruling in October 1981, 45 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 the Tri Valley Area reported income of $316k and spending of $437k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $416k to $316k (-24%), an average of -6.6% a year. The sharpest change came in the year to December 2022, when income dropped by 39%. Over the whole period it spent 109% 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 the Tri Valley Area sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 57th percentile within ME. Charities of a similar size with the same main cause include American College of Physicians ($316k), Keeping Technicians Up to Date Inc ($316k) and Royal Palm Sailing Club Inc ($316k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $69k (16% of expenses). Other salaries and wages came to $144k. At year end it held assets of $298k against liabilities of $15k, net assets of $283k. It reported 8 employees.