United Way of Greater Richmond

Analysis

United Way of Greater Richmond is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in February 1962, 64 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 Greater Richmond reported income of $16.2m and spending of $16.2m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $16.8m to $16.2m (-4.0%), an average of -1.3% a year. The sharpest change came in the year to June 2021, when income rose by 49%. Over the whole period it spent 98% 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 Greater Richmond 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 97th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include Navigator Academy of Leadership Inc ($16.2m), Alegent Health-Memorial Hospital Schuyler ($16.2m) and Ascension Living Our Lady of Peace ($16.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $664k (4.1% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $14.8m against liabilities of $6.8m, net assets of $8.0m. It reported 45 employees.