Heart of Florida United Way

Analysis

Heart of Florida United Way is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in July 1942, 84 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, Heart of Florida United Way reported income of $22.2m and spending of $23.1m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $24.5m to $22.2m (-9.4%), an average of -2.4% a year. The sharpest change came in the year to June 2021, when income rose by 101%. 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, Heart of Florida United Way 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 98th percentile within FL. Charities of a similar size with the same main cause include Hampton Roads Community Foundation ($22.1m), Create Foundation Inc ($22.2m) and Fairfield Countys Community Foundation Inc ($21.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $733k (3.2% of expenses). Other salaries and wages came to $6.1m. At year end it held assets of $52.8m against liabilities of $9.3m, net assets of $43.5m. It reported 209 employees.