United Way of Greater Toledo

Analysis

United Way of Greater Toledo is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in March 1956, 70 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 (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 Toledo reported income of $7.9m and spending of $7.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.8m to $7.9m (-27%), an average of -7.5% a year. The sharpest change came in the year to June 2023, when income dropped by 30%. Over the whole period it spent 92% 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 Toledo sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within OH. Charities of a similar size with the same main cause include Daily Giving Inc ($7.9m), Dubois County Community Foundation Inc ($7.9m) and The Community Foundation of the Texas Hill Country Inc ($7.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $326k (4.2% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $27.4m against liabilities of $4.1m, net assets of $23.3m. It reported 49 employees.