Middlesex United Way Inc

Analysis

Middlesex United Way Inc is a registered charity in United States, based in Middletown, CT. It received its IRS tax-exemption ruling in May 1950, 76 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, Middlesex United Way Inc reported income of $923k and spending of $982k, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.4m to $923k (-36%), an average of -14% a year. The sharpest change came in the year to June 2022, when income dropped by 20%. Over the whole period it spent 109% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Middlesex United Way Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within CT. Charities of a similar size with the same main cause include Portland Business Alliance Charitable Institute Inc ($923k), Tel Aviv Museums American Friends Inc ($923k) and United Way of the Upper Ohio Valley Inc ($922k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $100k (10% of expenses). Other salaries and wages came to $283k. At year end it held assets of $2.1m against liabilities of $591k, net assets of $1.5m. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.