United Way of Central Alabama Inc

Analysis

United Way of Central Alabama Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in November 1941, 85 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 Central Alabama Inc reported income of $121.9m and spending of $117.0m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $92.7m to $121.9m (+31%), an average of +7.1% a year. 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 Central Alabama Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within AL. Charities of a similar size with the same main cause include The Community Foundation Inc ($119.3m), United Way of Greater Toronto ($122.1m) and Jewish United Fund of Metropolitan Chicago ($117.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $907k (0.8% of expenses). Other salaries and wages came to $8.1m. At year end it held assets of $131.0m against liabilities of $23.9m, net assets of $107.1m. It reported 232 employees.