United Way of Northwest Florida

Analysis

United Way of Northwest Florida is a registered charity in United States, based in Panama City, FL. It received its IRS tax-exemption ruling in July 1960, 66 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 December 2023, United Way of Northwest Florida reported income of $1.3m and spending of $1.5m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.9m to $1.3m (-54%), an average of -18% a year. The sharpest change came in the year to December 2020, when income rose by 141%. Over the whole period it spent 104% 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 Northwest Florida sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Arlene and Steven I Victor Support Foundation ($1.3m), National Christian Charitable Foundation Inc ($1.3m) and Direction Home Akron Canton Foundation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $75k (5.1% of expenses). Other salaries and wages came to $212k. At year end it held assets of $3.2m against liabilities of $263k, net assets of $2.9m. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.