United Way Community Services Inc

Analysis

United Way Community Services Inc is a registered charity in United States, based in Provo, UT. It received its IRS tax-exemption ruling in November 1977, 49 years ago. 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 Community Services Inc reported income of $3.4m and spending of $3.1m, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.1m to $3.4m (+60%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United Way Community Services Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within UT. Charities of a similar size with the same main cause include Boy Scouts of America ($3.4m), Algona Community School Foundation ($3.4m) and Young Mens Christian Association of Freeport Illinois ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $69k (2.3% of expenses). Other salaries and wages came to $995k. At year end it held assets of $970k against liabilities of $181k, net assets of $789k. It reported 46 employees.