United Way of Addison County Inc

Analysis

United Way of Addison County Inc is a registered charity in United States, based in Middlebury, VT. It received its IRS tax-exemption ruling in September 1968, 58 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 of Addison County Inc reported income of $1.9m and spending of $1.7m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.9m (+41%), an average of +8.9% a year. The sharpest change came in the year to June 2020, when income rose by 32%. Over the whole period it spent 93% 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 Addison County Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within VT. Charities of a similar size with the same main cause include Houston Health Foundation ($1.9m), Tarrant County College Foundation ($1.9m) and Love Inc of Brevard Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $96k (5.7% of expenses). Other salaries and wages came to $308k. At year end it held assets of $2.6m against liabilities of $487k, net assets of $2.1m. It reported 10 employees.