United Way of Greater Nashua Inc

Analysis

United Way of Greater Nashua Inc is a registered charity in United States, based in Nashua, NH. It received its IRS tax-exemption ruling in November 1954, 72 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 September 2023, United Way of Greater Nashua Inc reported income of $2.3m and spending of $2.5m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.5m to $2.3m (+52%), an average of +11% a year. The sharpest change came in the year to September 2020, when income rose by 43%. Over the whole period it spent 94% 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 of Greater Nashua Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NH. Charities of a similar size with the same main cause include Michigan Organizing Project ($2.3m), Madison County Community Foundation Inc ($2.3m) and United Way of St Charles ($2.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $107k (4.4% of expenses). Other salaries and wages came to $129k. At year end it held assets of $1.7m against liabilities of $424k, net assets of $1.3m. It reported 19 employees.