United Way of Brevard County Inc

Analysis

United Way of Brevard County Inc is a registered charity in United States, based in Rockledge, FL. It received its IRS tax-exemption ruling in March 1967, 59 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, United Way of Brevard County Inc reported income of $8.4m and spending of $7.2m, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $8.5m to $8.4m (-1.2%), an average of -0.4% a year. The sharpest change came in the year to June 2021, when income rose by 71%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United Way of Brevard County Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Saint Pauls School Inc ($8.4m), Washington Trails Association ($8.4m) and Christian Care Retirement Apartments Inc ($8.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $290k (4.0% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $8.5m against liabilities of $3.7m, net assets of $4.8m. It reported 55 employees.