United Way of North Central Mass Inc

Analysis

United Way of North Central Mass Inc is a registered charity in United States, based in Fitchburg, MA. It received its IRS tax-exemption ruling in March 1962, 64 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 2024, United Way of North Central Mass Inc reported income of $3.5m and spending of $3.9m, spending 112% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $3.8m to $3.5m (-8.4%), an average of -2.2% a year. Over the whole period it spent 101% 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 North Central Mass Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include United Way of Greater Cincinnati Foundation ($3.5m), Hendricks County Community Foundation Inc ($3.5m) and Chesapeake Charities Inc ($3.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $178k (4.6% of expenses). Other salaries and wages came to $443k. At year end it held assets of $5.0m against liabilities of $1.4m, net assets of $3.6m. It reported 9 employees.