United Way of New York City

Analysis

United Way of New York City is a registered charity in United States, based in New York, NY. 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 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 New York City reported income of $65.2m and spending of $68.5m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $54.1m to $65.2m (+20%), an average of +4.8% a year. 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 New York City sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Volunteer Florida Foundation Inc ($64.4m), United Way of Greater Houston ($65.3m) and The United Way of Central Maryland Inc ($63.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $1.5m (2.2% of expenses). Other salaries and wages came to $8.9m. It paid $172k in professional fundraising fees. At year end it held assets of $51.6m against liabilities of $37.3m, net assets of $14.2m. It reported 112 employees.