United Way of Anchorage

Analysis

United Way of Anchorage is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in November 1961, 65 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 Anchorage reported income of $9.9m and spending of $10.7m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.6m to $9.9m (+30%), an average of +6.9% a year. The sharpest change came in the year to June 2021, when income rose by 428%. Over the whole period it spent 101% 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 Anchorage sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within AK. Charities of a similar size with the same main cause include National Center for Family Philanthropy Inc ($9.9m), Community Foundation of Anne Arundel County Inc ($9.9m) and University of Southern Maine Foundation ($9.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $3.2m (30% of expenses). At year end it held assets of $13.5m against liabilities of $6.2m, net assets of $7.3m. It reported 61 employees.