United Way of South Sarasota County Inc

Analysis

United Way of South Sarasota County Inc is a registered charity in United States, based in Venice, FL. It received its IRS tax-exemption ruling in June 1966, 60 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 South Sarasota County Inc reported income of $1.3m and spending of $1.6m, spending 123% of what it took in. Across the 6 years on record, from July 2019 to December 2023, income grew from $591k to $1.3m (+122%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 312%. Over the whole period it spent 101% 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 South Sarasota County Inc 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 Rileys Way Foundation Inc ($1.3m), Womens Fund of Santa Barbara ($1.3m) and Former Agents of the Fbi Foundation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $113k (7.0% of expenses). Other salaries and wages came to $303k. At year end it held assets of $2.0m against liabilities of $684k, net assets of $1.3m. It reported 13 employees.