United Way of Greenwich Inc

Analysis

United Way of Greenwich Inc is a registered charity in United States, based in Greenwich, CT. It received its IRS tax-exemption ruling in January 1941, 85 years ago. 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 Greenwich Inc reported income of $2.7m and spending of $3.3m, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $2.7m (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 100% 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 Greenwich Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within CT. Charities of a similar size with the same main cause include Pathways for Change Inc ($2.7m), Intown Community School Ics ($2.7m) and Ronald McDonald House Charities of Central Pa ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $209k (6.3% of expenses). Other salaries and wages came to $471k. At year end it held assets of $5.2m against liabilities of $608k, net assets of $4.6m. It reported 9 employees.