United Workers Inc

Analysis

United Workers Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in August 1943, 83 years ago. 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 August 2023, United Workers Inc reported income of $2.2m and spending of $2.6m, spending 118% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $754k to $2.2m (+192%), an average of +31% a year. The sharpest change came in the year to August 2022, when income rose by 129%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United Workers Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within CT. Charities of a similar size with the same main cause include Red Caboose Child Care Center Inc ($2.2m), Long Ridge Fire Company Incorporated ($2.2m) and The Empty Stocking Fund Inc ($2.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 61% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $112k (4.3% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.2m against liabilities of $233k, net assets of $1.9m. It reported 189 employees.