United Way of New London Inc

Analysis

United Way of New London Inc is a registered charity in United States, based in New London, WI. It received its IRS tax-exemption ruling in August 1988, 38 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 December 2023, United Way of New London Inc reported income of $50k and spending of $51k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $43k to $50k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 101% 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 New London Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 16th percentile within WI. Charities of a similar size with the same main cause include New England Sports Turf Managers Foundation TR ($50k), Alexander City Kiwanis Foundation Inc ($50k) and Desoto Central Elementary PTO ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $28k against liabilities of $1,305, net assets of $27k.