United Way of Essex and West Hudson

Analysis

United Way of Essex and West Hudson is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in April 1965, 61 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, United Way of Essex and West Hudson reported income of $3.0m and spending of $4.2m, spending 137% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $3.0m (+17%), an average of +4.1% a year. The sharpest change came in the year to June 2020, when income rose by 207%. Over the whole period it spent 106% 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 Essex and West Hudson sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Southside Community Land Trust ($3.0m), Pauline McFarlin Walter Memorial Trust 10910 ($3.0m) and Rappahannock Community College Educational Foundation Inc ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $280k (6.7% of expenses). Other salaries and wages came to $844k. At year end it held assets of $7.3m against liabilities of $1.4m, net assets of $6.0m. It reported 13 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.