United Way of Matanuska-Susitna Borough

Analysis

United Way of Matanuska-Susitna Borough is a registered charity in United States, based in Palmer, AK. It received its IRS tax-exemption ruling in September 1988, 38 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 Matanuska-Susitna Borough reported income of $969k and spending of $1.1m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $969k (-23%), an average of -6.4% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 92% 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 Matanuska-Susitna Borough sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within AK. Charities of a similar size with the same main cause include University of Northern Iowa Prioperties Corporation ($969k), Mercy Drops Inc ($969k) and Capita Social Inc ($969k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $79k (7.2% of expenses). Other salaries and wages came to $431k. At year end it held assets of $910k against liabilities of $44k, net assets of $867k. It reported 17 employees.