United Way of Delaware Inc

Analysis

United Way of Delaware Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in March 1948, 78 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 Delaware Inc reported income of $17.6m and spending of $19.8m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.5m to $17.6m (+22%), an average of +5.0% a year. The sharpest change came in the year to June 2023, when income dropped by 26%. Over the whole period it spent 103% 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 Delaware Inc 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 98th percentile within DE. Charities of a similar size with the same main cause include Topeka Community Foundation ($17.6m), Ventura County Community Foundation ($17.6m) and Aspen Community Foundation ($17.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $943k (4.8% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $12.3m against liabilities of $4.3m, net assets of $8.0m.