United Way of Greater New Bedford Inc

Analysis

United Way of Greater New Bedford Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in October 1953, 73 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 2024, United Way of Greater New Bedford Inc reported income of $3.1m and spending of $2.9m, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $3.2m to $3.1m (-2.7%), an average of -0.6% a year. The sharpest change came in the year to June 2021, when income rose by 60%. Over the whole period it spent 97% 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 New Bedford Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Guadalupe Clinic Inc ($3.1m), Lansing Housing Corporation ($3.1m) and South Central Nebraska Area Agency on Aging ($3.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $273k (9.4% of expenses). Other salaries and wages came to $706k. At year end it held assets of $3.7m against liabilities of $620k, net assets of $3.1m. It reported 30 employees.