United Way of Tri County Inc

Analysis

United Way of Tri County Inc is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in February 1960, 66 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 (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 Tri County Inc reported income of $10.4m and spending of $10.5m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.7m to $10.4m (+35%), an average of +7.7% a year. The sharpest change came in the year to June 2020, when income rose by 26%. Over the whole period it spent 96% 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 Tri County Inc sits at the 96th percentile: it is larger than about 96% 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 Center for Community Inclusion Inc ($10.4m), El Paso Community Foundation ($10.4m) and Siemer Institute ($10.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $523k (5.0% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $6.3m against liabilities of $2.3m, net assets of $3.9m. It reported 39 employees.