The United Way of Central Maryland Inc

Analysis

The United Way of Central Maryland Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in April 1927, 99 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, The United Way of Central Maryland Inc reported income of $63.9m and spending of $66.0m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $26.0m to $63.9m (+146%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 78%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The United Way of Central Maryland Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MD. Charities of a similar size with the same main cause include Jewish Federation of Greater Atlanta Inc ($63.6m), Volunteer Florida Foundation Inc ($64.4m) and Anabaptist Foundation ($63.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $2.1m (3.2% of expenses). Other salaries and wages came to $13.2m. At year end it held assets of $60.8m against liabilities of $20.6m, net assets of $40.1m. It reported 248 employees.