United Way of Snohomish County

Analysis

United Way of Snohomish County is a registered charity in United States, based in Everett, WA. It received its IRS tax-exemption ruling in February 1954, 72 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 of Snohomish County reported income of $1.5m and spending of $2.2m, spending 149% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.7m to $1.5m (-69%), an average of -25% a year. The sharpest change came in the year to June 2023, when income dropped by 42%. Over the whole period it spent 130% 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 Snohomish County sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within WA. Charities of a similar size with the same main cause include United Way of Cape Cod ($1.5m), Acm Lifting Lives ($1.5m) and Panera Bread Foundation Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $230k (11% of expenses). Other salaries and wages came to $483k. At year end it held assets of $4.9m against liabilities of $2.2m, net assets of $2.7m. It reported 19 employees.

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.