United Way of the Valley & Greater Utica Area Inc

Analysis

United Way of the Valley & Greater Utica Area Inc is a registered charity in United States, based in Utica, NY. It received its IRS tax-exemption ruling in July 1956, 70 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 the Valley & Greater Utica Area Inc reported income of $2.5m and spending of $2.8m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $2.5m (+4.0%), an average of +1.0% a year. The sharpest change came in the year to June 2020, when income rose by 40%. Over the whole period it spent 104% 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 the Valley & Greater Utica Area Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include The Tiffin Community Foundation ($2.5m), Partners in Care Maryland Inc ($2.5m) and Midwood Special Education Services Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $125k (4.4% of expenses). Other salaries and wages came to $713k. At year end it held assets of $2.8m against liabilities of $617k, net assets of $2.2m. It reported 25 employees.