Centre County United Way

Analysis

Centre County United Way is a registered charity in United States, based in State College, PA. It received its IRS tax-exemption ruling in July 1973, 53 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, Centre County United Way reported income of $1.6m and spending of $1.7m, spending 106% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $1.8m to $1.6m (-9.0%), an average of -2.3% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Centre County United Way sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.6m), Washington University Medical Center ($1.6m) and Our Daily Bread ($1.6m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $85k (4.9% of expenses). Other salaries and wages came to $164k. At year end it held assets of $3.2m against liabilities of $70k, net assets of $3.1m. It reported 4 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.