United Way of Pierce County

Analysis

United Way of Pierce County is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in March 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 Pierce County reported income of $7.9m and spending of $6.4m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.7m to $7.9m (+39%), an average of +8.7% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 88% 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 Pierce County sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within WA. Charities of a similar size with the same main cause include Community Foundation for the Land of Lincoln Inc ($7.9m), Boys Town Jerusalem Foundation of America Inc ($7.9m) and Jewish Family Service of Metrowest NJ a New Jersey Nonprofit Corp ($7.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $562k (8.8% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $17.1m against liabilities of $292k, net assets of $16.8m. It reported 39 employees.