United Way Suncoast Inc

Analysis

United Way Suncoast Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in March 2002, 24 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 Suncoast Inc reported income of $16.3m and spending of $22.2m, spending 137% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $22.9m to $16.3m (-29%), an average of -8.2% a year. The sharpest change came in the year to June 2021, when income rose by 98%. Over the whole period it spent 88% 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 Suncoast 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 Metro United Way Inc ($16.2m), Jewish Community Foundation of Greater Phoenix ($16.3m) and Black Belt Community Foundation Inc ($16.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $445k (2.0% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $55.5m against liabilities of $9.8m, net assets of $45.7m. It reported 84 employees.