United Way of Bergen County

Analysis

United Way of Bergen County is a registered charity in United States, based in Paramus, NJ. It received its IRS tax-exemption ruling in February 1965, 61 years ago. 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 2023, United Way of Bergen County reported income of $14.7m and spending of $15.4m, spending 105% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $14.6m to $14.7m (+0.4%), an average of +0.1% a year. The sharpest change came in the year to March 2020, when income rose by 18%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United Way of Bergen County sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Elizabeth Seton Residence Inc ($14.7m), Easter Seals Louisiana Inc ($14.7m) and Charles Armstrong School ($14.7m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 95% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $359k (2.3% of expenses). Other salaries and wages came to $666k. At year end it held assets of $30.8m against liabilities of $8.2m, net assets of $22.6m. It reported 17 employees.