United Way of Milford Inc

Analysis

United Way of Milford Inc is a registered charity in United States, based in Milford, CT. It received its IRS tax-exemption ruling in March 1971, 55 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 December 2023, United Way of Milford Inc reported income of $424k and spending of $581k, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $588k to $424k (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2022, when income dropped by 17%. Over the whole period it spent 123% 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 Milford Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 65th percentile within CT. Charities of a similar size with the same main cause include Flint Hills Volunteer Center Inc ($424k), Civic Development Corporation of Ashtabula ($425k) and Laguna Honda Hospital Volunteers Inc ($424k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. Other salaries and wages came to $218k. At year end it held assets of $581k against liabilities of $41k, net assets of $540k. It reported 4 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.