United Way of Central Massachusetts Inc

Analysis

United Way of Central Massachusetts Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in October 1963, 63 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, United Way of Central Massachusetts Inc reported income of $10.0m and spending of $9.2m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.5m to $10.0m (+81%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 73%. Over the whole period it spent 90% 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 Central Massachusetts Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Montana Legal Services Association ($10.0m), Ganna Walska Lotusland ($10.0m) and Kansas Legal Services Inc ($10.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $15.8m against liabilities of $2.8m, net assets of $13.0m. It reported 61 employees.