United Way of Ulster County Inc

Analysis

United Way of Ulster County Inc is a registered charity in United States, based in Kingston, NY. It received its IRS tax-exemption ruling in June 1966, 60 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 Ulster County Inc reported income of $1.9m and spending of $1.5m, spending 81% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $3.1m to $1.9m (-41%), an average of -16% a year. The sharpest change came in the year to June 2021, when income dropped by 44%. Over the whole period it spent 91% 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 Ulster County Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Three Valleys Community Foundation ($1.9m), Hilo Medical Center Foundation ($1.9m) and Bobby Nichols-Fiddlesticks Foundation Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $75k (5.0% of expenses). Other salaries and wages came to $172k. At year end it held assets of $1.6m against liabilities of $539k, net assets of $1.0m. It reported 155 employees.