United Way of Cattaraugus County Inc

Analysis

United Way of Cattaraugus County Inc is a registered charity in United States, based in Olean, NY. It received its IRS tax-exemption ruling in September 1983, 43 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 March 2024, United Way of Cattaraugus County Inc reported income of $226k and spending of $186k, spending 83% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $188k to $226k (+20%), an average of +4.6% a year. The sharpest change came in the year to March 2024, when income rose by 45%. Over the whole period it spent 96% 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 Cattaraugus County Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Chasdei Eliyahu ($226k), Khadija Foundation Inc ($226k) and The School Garden Network Foundation ($225k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $38k (20% of expenses). Other salaries and wages came to $2,692. At year end it held assets of $930k against liabilities of $17k, net assets of $913k. It reported 3 employees.