United Way of Mid Rural New York Inc

Analysis

United Way of Mid Rural New York Inc is a registered charity in United States, based in Norwich, NY. It received its IRS tax-exemption ruling in February 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 December 2023, United Way of Mid Rural New York Inc reported income of $654k and spending of $736k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $533k to $654k (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 107% 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 Mid Rural New York Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Tri-Valley Volunteer Fire Department ($654k), Kauai United Way ($654k) and Terryville Lions Charities Inc ($654k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $74k (10.0% of expenses). Other salaries and wages came to $86k. At year end it held assets of $2.7m against liabilities of $57k, net assets of $2.7m. It reported 3 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.