United Way of Central New York Inc

Analysis

United Way of Central New York Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in August 1994, 32 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 Central New York Inc reported income of $9.1m and spending of $9.9m, spending 109% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $9.5m to $9.1m (-4.6%), an average of -1.6% a year. Over the whole period it spent 100% 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 Central New York Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Manor Park Foundation Inc ($9.1m), Keweenaw Community Foundation ($9.1m) and Catholic United Financial Foundation ($9.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $292k (3.0% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $9.0m against liabilities of $4.4m, net assets of $4.6m. It reported 49 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.