United Way of Southington Inc

Analysis

United Way of Southington Inc is a registered charity in United States, based in Southington, CT. It received its IRS tax-exemption ruling in February 1972, 54 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, United Way of Southington Inc reported income of $247k and spending of $282k, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $250k to $247k (-1.3%), an average of -0.3% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 92% 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 Southington Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within CT. Charities of a similar size with the same main cause include My Tzedakah Fund Inc ($247k), Brooklyn Community Foundation Inc ($247k) and Jimmys Bike Drive Inc ($247k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% of the total. Other salaries and wages came to $55k. At year end it held assets of $583k against liabilities of $181k, net assets of $402k. It reported 1 employees.