United Way of Northeast Florida Inc

Analysis

United Way of Northeast Florida Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in June 1941, 85 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 Northeast Florida Inc reported income of $42.4m and spending of $29.0m, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.3m to $42.4m (+99%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 87%. Over the whole period it spent 84% 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 Northeast Florida Inc sits at the 99th 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 99th percentile within FL. Charities of a similar size with the same main cause include Rose Community Foundation ($42.2m), Rochester Area Community Foundation ($42.8m) and Tipping Point Community ($41.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $364k (1.3% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $58.8m against liabilities of $8.8m, net assets of $50.0m. It reported 94 employees.