United Way Capital Corporation

Analysis

United Way Capital Corporation is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, United Way Capital Corporation reported income of $817k and spending of $1.0m, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $913k to $817k (-11%), an average of -2.7% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, United Way Capital Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 74th percentile within AZ. Charities of a similar size with the same main cause include Western Nebraska Housing Opportunities ($817k), Point of Freedom ($817k) and Ruth Harbor ($816k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $3.7m against liabilities of $91k, net assets of $3.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.