United Way of South Hampton Roads

Analysis

United Way of South Hampton Roads is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in May 1957, 69 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 South Hampton Roads reported income of $16.7m and spending of $19.1m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $27.6m to $16.7m (-40%), an average of -12% a year. The sharpest change came in the year to June 2021, when income rose by 129%. Over the whole period it spent 72% 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 South Hampton Roads 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 97th percentile within VA. Charities of a similar size with the same main cause include Community Foundation of Johnson ($16.6m), Freedom Fund ($16.7m) and The Berkshire Taconic Community Foundation Inc ($16.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $141k (0.7% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $66.6m against liabilities of $2.9m, net assets of $63.6m. It reported 61 employees.