United Way of the Greater Capital Region Inc

Analysis

United Way of the Greater Capital Region Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in March 1949, 77 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 the Greater Capital Region Inc reported income of $3.4m and spending of $4.8m, spending 140% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.7m to $3.4m (-27%), an average of -7.7% a year. The sharpest change came in the year to June 2021, when income rose by 74%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, United Way of the Greater Capital Region Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Abound Food Care ($3.4m), Social Entrepreneurs of New Orleans ($3.4m) and Mychals Learning Place ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $294k (6.2% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $11.1m against liabilities of $2.5m, net assets of $8.6m. It reported 31 employees.