United Way of the National Capital Area

Analysis

United Way of the National Capital Area is a registered charity in United States, based in Vienna, VA. It received its IRS tax-exemption ruling in September 1974, 52 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 the National Capital Area reported income of $22.7m and spending of $26.4m, spending 116% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $27.6m to $22.7m (-18%), an average of -6.4% a year. The sharpest change came in the year to June 2021, when income rose by 76%. Over the whole period it spent 82% 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 the National Capital Area sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include United Way of Greater Cleveland Fund ($22.7m), Essex County Community FDN Inc ($22.7m) and Just One Project ($22.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $1.5m (5.6% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $56.6m against liabilities of $20.6m, net assets of $35.9m. It reported 45 employees.