The United Way of Northern New York Inc

Analysis

The United Way of Northern New York Inc is a registered charity in United States, based in Watertown, NY. It received its IRS tax-exemption ruling in October 1942, 84 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 December 2023, The United Way of Northern New York Inc reported income of $709k and spending of $709k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $709k (-34%), an average of -9.9% a year. The sharpest change came in the year to December 2020, when income rose by 46%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The United Way of Northern New York Inc sits at the 73rd percentile: it is larger than about 73% 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 Fillmore County Foundation Inc ($709k), Global Health Education and Information Services Inc ($709k) and Stanford Daily Publishing Corporation ($709k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $134k (19% of expenses). Other salaries and wages came to $106k. At year end it held assets of $2.3m against liabilities of $511k, net assets of $1.8m. It reported 5 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.