United Way of Massachusetts Bay Inc

Analysis

United Way of Massachusetts Bay Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 1965, 61 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 (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 Massachusetts Bay Inc reported income of $46.6m and spending of $51.2m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $42.3m to $46.6m (+10%), an average of +2.5% a year. The sharpest change came in the year to June 2020, when income rose by 28%. 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 Massachusetts Bay Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include United Way of San Antonio & Bexar County ($46.5m), J a & Leta M Chapman Charitable TR ($46.7m) and Federation Cja ($46.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $2.0m (3.8% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $70.9m against liabilities of $13.9m, net assets of $57.1m. It reported 137 employees.