The United Way of Greater Waterbury Inc

Analysis

The United Way of Greater Waterbury Inc is a registered charity in United States, based in Waterbury, CT. It received its IRS tax-exemption ruling in February 1943, 83 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, The United Way of Greater Waterbury Inc reported income of $4.5m and spending of $4.3m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $4.9m to $4.5m (-9.3%), an average of -3.2% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The United Way of Greater Waterbury 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 91st percentile, and in the 90th percentile within CT. Charities of a similar size with the same main cause include Young Mens Christian Association of El Paso ($4.5m), Premier Academy Inc ($4.5m) and Central Minnesota Housing Partnership Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $4.5m against liabilities of $3.3m, net assets of $1.2m. It reported 30 employees.