United Way of the Ocoee Region

Analysis

United Way of the Ocoee Region is a registered charity in United States, based in Cleveland, TN. It received its IRS tax-exemption ruling in June 1953, 73 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 the Ocoee Region reported income of $2.8m and spending of $3.7m, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.2m to $2.8m (-33%), an average of -9.6% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 96% 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 the Ocoee Region sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within TN. Charities of a similar size with the same main cause include Schoolseed Foundation ($2.8m), Recovery Research Network Foundation Inc ($2.8m) and Friends of Holy Etchmiadzin Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 5.3% of the total. Compensation of current officers, directors and key employees was $244k (6.6% of expenses). Other salaries and wages came to $508k. At year end it held assets of $31.4m against liabilities of $962k, net assets of $30.4m. It reported 16 employees.