United Way for Cortland County Inc

Analysis

United Way for Cortland County Inc is a registered charity in United States, based in Cortland, NY. It received its IRS tax-exemption ruling in March 1958, 68 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 for Cortland County Inc reported income of $260k and spending of $324k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $351k to $260k (-26%), an average of -7.3% a year. The sharpest change came in the year to December 2022, when income dropped by 50%. 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 for Cortland County Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Capo Girls Fast Pitch Softball Corp ($260k), Boca Raton Police Foundation Inc ($260k) and Pssae ($260k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $71k (22% of expenses). Other salaries and wages came to $9,399. At year end it held assets of $1.0m against liabilities of $81k, net assets of $940k. It reported 3 employees.