United Way of North Central Florida Inc

Analysis

United Way of North Central Florida Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in April 1964, 62 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 North Central Florida Inc reported income of $4.8m and spending of $4.4m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.7m to $4.8m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2022, when income rose by 68%. Over the whole period it spent 93% 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 North Central Florida Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Global Philanthropy Partnership ($4.8m), The Service Collaborative of Wny Inc ($4.8m) and Mt Hope Charities Inc ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $91k (2.1% of expenses). Other salaries and wages came to $566k. At year end it held assets of $2.8m against liabilities of $1.5m, net assets of $1.3m. It reported 18 employees.