United Way of Greater Cincinnati Foundation

Analysis

United Way of Greater Cincinnati Foundation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in November 1983, 43 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, United Way of Greater Cincinnati Foundation reported income of $3.5m and spending of $2.0m, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $3.5m (+81%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 75% 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 Greater Cincinnati Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include Chesapeake Charities Inc ($3.5m), United Way of North Central Mass Inc ($3.5m) and New Canaan Community Foundation Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% of the total. At year end it held assets of $45.3m against liabilities of $1.5m, net assets of $43.9m.