United Way of Palm Beach County Inc

Analysis

United Way of Palm Beach County Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in August 1953, 73 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 September 2023, United Way of Palm Beach County Inc reported income of $17.2m and spending of $19.0m, spending 110% of what it took in. Across the 6 years on record, from June 2019 to September 2023, income grew from $16.4m to $17.2m (+4.8%), an average of +0.9% a year. The sharpest change came in the year to September 2020, when income rose by 671%. Over the whole period it spent 94% 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 Palm Beach County Inc 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 FL. Charities of a similar size with the same main cause include Homefree USA Inc ($17.2m), Community Foundation of Eastern Connecticut ($17.3m) and York County Community Foundation ($17.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 92% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $541k (2.8% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $24.0m against liabilities of $5.1m, net assets of $18.9m. It reported 76 employees.