United Way of Central Florida Inc

Analysis

United Way of Central Florida Inc is a registered charity in United States, based in Highland City, FL. It received its IRS tax-exemption ruling in October 1981, 45 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 Central Florida Inc reported income of $16.4m and spending of $14.3m, spending 88% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $13.8m to $16.4m (+18%), an average of +5.8% a year. The sharpest change came in the year to June 2021, when income rose by 85%. Over the whole period it spent 92% 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 Central Florida Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Jewish Community Foundation of Greater Phoenix ($16.3m), Copperhead Charities Inc ($16.4m) and United Way Suncoast Inc ($16.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $672k (4.7% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $21.9m against liabilities of $4.3m, net assets of $17.6m. It reported 52 employees.