United Way of Aroostook

Analysis

United Way of Aroostook is a registered charity in United States, based in Presque Isle, ME. It received its IRS tax-exemption ruling in March 1958, 68 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 June 2023, United Way of Aroostook reported income of $603k and spending of $644k, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $884k to $603k (-32%), an average of -12% a year. The sharpest change came in the year to June 2023, when income dropped by 28%. Over the whole period it spent 103% 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 Aroostook sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within ME. Charities of a similar size with the same main cause include Alexandria Area Arts Association Inc ($603k), Modesto Cambodian Buddhist Society Inc ($603k) and J Lewis Crozer Library ($603k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $113k. At year end it held assets of $372k against liabilities of $591, net assets of $372k. It reported 2 employees.