United Way of Tompkins County Inc

Analysis

United Way of Tompkins County Inc is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in June 1957, 69 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 Tompkins County Inc reported income of $2.0m and spending of $1.9m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.0m (+10%), an average of +2.5% a year. The sharpest change came in the year to June 2020, when income rose by 21%. Over the whole period it spent 105% 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 Tompkins County Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Scott Community Foundation ($2.0m), Highline Schools Foundation for Excellence ($2.0m) and Providence St Joseph Health Foundation ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $144k (7.5% of expenses). Other salaries and wages came to $142k. At year end it held assets of $1.6m against liabilities of $118k, net assets of $1.5m. It reported 8 employees.