Granite United Way

Analysis

Granite United Way is a registered charity in United States, based in Manchester, NH. It received its IRS tax-exemption ruling in August 1955, 71 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 June 2023, Granite United Way reported income of $13.8m and spending of $15.2m, spending 110% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $10.0m to $13.8m (+38%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Granite United Way sits at the 97th 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 96th percentile within NH. Charities of a similar size with the same main cause include The Arlington of Naples ($13.8m), Economic and Community Development Institute Inc ($13.8m) and Mount Tamalpais School ($13.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $402k (2.6% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $9.8m against liabilities of $2.1m, net assets of $7.8m. It reported 93 employees.