United Way of Broome County Inc

Analysis

United Way of Broome County Inc is a registered charity in United States, based in Vestal, NY. It received its IRS tax-exemption ruling in December 1949, 77 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, United Way of Broome County Inc reported income of $4.8m and spending of $4.1m, spending 85% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.4m to $4.8m (+8.3%), an average of +1.6% a year. The sharpest change came in the year to June 2021, when income rose by 107%. Over the whole period it spent 86% 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 Broome County Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include United Way of Northern Nevada and the Sierra ($4.8m), Hope for New York ($4.8m) and Oregon Jewish Community Foundation ($4.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 38% of the total. Compensation of current officers, directors and key employees was $106k (2.6% of expenses). Other salaries and wages came to $862k. At year end it held assets of $36.6m against liabilities of $548k, net assets of $36.0m. It reported 30 employees.