The United Way of Northwest Connecticut Inc

Analysis

The United Way of Northwest Connecticut Inc is a registered charity in United States, based in Torrington, CT. It received its IRS tax-exemption ruling in March 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 December 2023, The United Way of Northwest Connecticut Inc reported income of $188k and spending of $143k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $688k to $188k (-73%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 49%. 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, The United Way of Northwest Connecticut Inc sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within CT. Charities of a similar size with the same main cause include Redding West Rotary Foundation ($188k), Ella M Rohlffs Fon ($188k) and Rural Oklahoma Community Foundation Inc ($188k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $16k (11% of expenses). Other salaries and wages came to $16k. At year end it held assets of $600k against liabilities of $5,410, net assets of $594k. It reported 3 employees.