Valley United Way Incorporated

Analysis

Valley United Way Incorporated is a registered charity in United States, based in Shelton, CT. It received its IRS tax-exemption ruling in October 1968, 58 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 church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Valley United Way Incorporated reported income of $718k and spending of $647k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.0m to $718k (-29%), an average of -8.3% a year. The sharpest change came in the year to June 2020, when income dropped by 16%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Valley United Way Incorporated sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within CT. Charities of a similar size with the same main cause include Lincoln County Foundation ($718k), Justice-Frye Foundation Inc ($718k) and Ludacris Foundation ($717k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $29k (4.4% of expenses). Other salaries and wages came to $119k. At year end it held assets of $662k against liabilities of $180k, net assets of $482k. It reported 4 employees.