United Way of Greater Fall River Inc

Analysis

United Way of Greater Fall River Inc is a registered charity in United States, based in Fall River, MA. It received its IRS tax-exemption ruling in November 1957, 69 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, United Way of Greater Fall River Inc reported income of $1.9m and spending of $1.5m, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.9m (+52%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 41%. Over the whole period it spent 92% 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 Greater Fall River Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Oak Hall ($1.9m), Neighborhood Health Care Network ($1.9m) and F H Buhl Club ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% of the total. Compensation of current officers, directors and key employees was $109k (7.2% of expenses). Other salaries and wages came to $112k. At year end it held assets of $9.1m against liabilities of $1.1m, net assets of $8.0m. It reported 5 employees.