United Way of Hudson County

Analysis

United Way of Hudson County is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in March 1971, 55 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 Hudson County reported income of $2.4m and spending of $2.7m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.4m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2022, when income rose by 134%. Over the whole period it spent 88% 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 Hudson County sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Rodel Institute ($2.4m), Creighton Community Foundation ($2.4m) and Childrens Institute Foundation ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $284k (10% of expenses). Other salaries and wages came to $102k. At year end it held assets of $3.5m against liabilities of $1.2m, net assets of $2.3m. It reported 15 employees.