United Way of Greater New Haven Inc

Analysis

United Way of Greater New Haven Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in May 1953, 73 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 Greater New Haven Inc reported income of $10.1m and spending of $9.9m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.7m to $10.1m (+32%), an average of +7.1% a year. The sharpest change came in the year to June 2020, when income rose by 23%. Over the whole period it spent 92% 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 Greater New Haven Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within CT. Charities of a similar size with the same main cause include The Pittsburgh Promise Foundation ($10.1m), Early Learning Ventures ($10.2m) and Honeywell Foundation Inc ($10.1m).

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 $382k (3.9% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $7.6m against liabilities of $2.4m, net assets of $5.2m. It reported 34 employees.