United Way of Volusia-Flagler Counties Inc

Analysis

United Way of Volusia-Flagler Counties Inc is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in July 1965, 61 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 Volusia-Flagler Counties Inc reported income of $4.7m and spending of $4.0m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $4.7m (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2022, when income dropped by 42%. Over the whole period it spent 76% 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 Volusia-Flagler Counties Inc sits at the 93rd percentile: it is larger than about 92% 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 Communities First Initiative Inc ($4.7m), Film Forever Northwest ($4.7m) and Drug Enforcement Administration Survivors Benefit Fund Inc ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $243k (6.0% of expenses). Other salaries and wages came to $585k. At year end it held assets of $16.1m against liabilities of $951k, net assets of $15.1m. It reported 23 employees.