United Way of Naugatuck and Beacon Falls Inc

Analysis

United Way of Naugatuck and Beacon Falls Inc is a registered charity in United States, based in Naugatuck, CT. It received its IRS tax-exemption ruling in July 1963, 63 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, United Way of Naugatuck and Beacon Falls Inc reported income of $543k and spending of $508k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $392k to $543k (+38%), an average of +8.5% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 98% 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 Naugatuck and Beacon Falls Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within CT. Charities of a similar size with the same main cause include Voice for Florida Keys Children Inc ($542k), Nbty Childrens Charities Inc ($543k) and Billy Andrade-Brad Faxon Charities for Children Inc ($542k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $58k (11% of expenses). Other salaries and wages came to $14k. At year end it held assets of $582k against liabilities of $441k, net assets of $142k. It reported 2 employees.