United Way of Broward County

Analysis

United Way of Broward County is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in December 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 Broward County reported income of $26.0m and spending of $30.2m, spending 116% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $23.1m to $26.0m (+13%), an average of +4.0% a year. The sharpest change came in the year to June 2021, when income rose by 72%. Over the whole period it spent 88% 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 Broward County 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 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Mia Rays Squadron Inc ($26.0m), Community Foundation for Palm Beach & Martin Counties Inc ($26.1m) and Dayton Foundation Plus Inc ($25.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $915k (3.0% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $31.7m against liabilities of $11.8m, net assets of $19.9m. It reported 91 employees.