United Way of Southeastern Conn Inc

Analysis

United Way of Southeastern Conn Inc is a registered charity in United States, based in Gales Ferry, CT. It received its IRS tax-exemption ruling in March 1969, 57 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 June 2024, United Way of Southeastern Conn Inc reported income of $11.2m and spending of $10.9m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $8.5m to $11.2m (+32%), an average of +7.3% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United Way of Southeastern Conn 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 Spring Hill Camps ($11.2m), Arc Minnesota Inc ($11.2m) and Society of St Vincent de Paul Portland Council ($11.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $705k (6.5% of expenses). Other salaries and wages came to $963k. At year end it held assets of $12.4m against liabilities of $1.3m, net assets of $11.1m. It reported 23 employees.