Tri-County United Way Inc

Analysis

Tri-County United Way Inc is a registered charity in United States, based in Glens Falls, NY. It received its IRS tax-exemption ruling in January 1956, 70 years ago. 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 2024, Tri-County United Way Inc reported income of $724k and spending of $811k, spending 112% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $886k to $724k (-18%), an average of -4.0% a year. The sharpest change came in the year to June 2022, when income dropped by 24%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tri-County United Way Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include New Jersey Music Educators Association ($724k), Carnegie International Students Institute Corporation ($724k) and From Houses to Homes-Guatemala Inc ($724k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% of the total. Other salaries and wages came to $226k. At year end it held assets of $1.4m against liabilities of $411k, net assets of $981k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.